CALGARY, AB, Dec. 13, 2021 /CNW/ - Accelerate Financial
Technologies Inc. ("Accelerate") is pleased to announce a strategic
partnership with Veritree Technology Inc. ("veritree") to launch
its category-creating decarbonization initiative.
veritree serves as a blockchain-based, integrated planting
management system that directly connects sponsors of projects with
the impacts on the ground. The system was built to solve many of
the problems facing tree planting and nature-based solutions across
the globe: double counting or lack of additionality, poor
monitoring for permanence, and inability to collect usable
data.
Accelerate's decarbonization initiative includes a global tree
planting campaign, funded by a portion of its management fee from
the Accelerate Carbon-Negative Bitcoin ETF (TSX: ABTC).
Accelerate and veritree have committed to planting 5,000 trees
in early 2022, funded by ABTC's fourth quarter management fee to
kick off the campaign.
"Running the world's first carbon-negative investment fund, we
take great pride in providing an easy and low-cost exposure to
bitcoin while helping fight climate change," said Julian Klymochko, Founder and CEO of Accelerate.
"We are grateful to all of our ABTC investors, as their ABTC
investment helps us sequester carbon emissions to reduce their
carbon footprint through our tree planting campaign. This is true
ESG investing".
Up to 10% of ABTC's 0.69% management fee will be allocated to
Accelerate's annual tree-planting campaign. The initial
decarbonization initiative will be focused on planting mangrove
trees in Madagascar.
For each $1,000 investment in
ABTC, approximately one net tonne of carbon dioxide is expected to
be sequestered per year.
The Accelerate Carbon-Negative Bitcoin ETF allows investors to
diversify their portfolios and protect against the scourge of
inflation while helping to fight climate change.
Buy Bitcoin, Save the Planet! Visit investABTC.com for
more information
About Accelerate Financial Technologies Inc.
Accelerate is one of Canada's
most innovative and fastest growing alternative investment solution
providers, with a suite of institutional-caliber alternative ETFs
for investors seeking diversification and long-term
performance.
Accelerate is empowering investors. Find out more at
www.AccelerateShares.com
Certain statements included in this news release constitute
forward-looking statements, including, but not limited to, those
identified by the expressions "expect", "intend", "will" and
similar expressions to the extent they relate to ABTC or
Accelerate. The forward-looking statements are not historical facts
but reflect Accelerate's current expectations regarding future
results or events. These forward-looking statements are subject to
a number of risks and uncertainties that could cause actual results
or events to differ materially from current expectations. Although
Accelerate believes that the assumptions inherent in the
forward-looking statements are reasonable, forward-looking
statements are not guarantees of future performance and,
accordingly, readers are cautioned not to place undue reliance on
such statements due to the inherent uncertainty therein. Accelerate
undertakes no obligation to update publicly or otherwise revise any
forward-looking statement or information whether as a result of new
information, future events or other such factors that affect this
information, except as required by law.
SOURCE Accelerate Financial Technologies Inc.