Trovio to List World’s First Net-Zero Gold ETF Using CBL GEO™ Carbon Benchmark
Paving the way for universal access to carbon-neutral investment products
Sydney, Australia – 8 March 2021 — Leading commodity-technology firm Trovio today announced plans to launch the world’s first net-zero carbon emissions gold exchange-traded fund (ETF) on the Australian Securities Exchange (ASX). The new product, GoldZero, was jointly developed with Xpansiv, the leading market for ESG-inclusive commodities, and leverages its Global Emissions Offset™ (GEO), the first standardized, exchange-traded contract that sets a price for the global voluntary carbon market.
Trovio was established in 2017 to modernise and democratise the transfer of physical assets via its peerless digital and registry service. It’s a market leader in innovative product launches, having successfully issued the Perth Mint Gold Token, the world’s first digital gold token on a public blockchain backed by government-guaranteed gold.
Today’s announcement marks Trovio’s ongoing commitment to developing a wider suite of sustainable products to help institutional investors meet their ESG requirements. This follows the recent release of UPCO2, the world’s first tradable carbon token on a public blockchain via Trovio’s membership with the Universal Protocol Alliance.
Xpansiv’s CBL exchange connects buyers and sellers in a global liquidity hub that accelerates the transition to a net-zero future. The company’s expanding ecosystem of Intelligent Commodities™—like RECs, carbon offsets, and differentiated fuels—provides a clear path to action for companies seeking to meet voluntary and compliance-based ESG goals.
Two of the most popular ETF trends in recent years include gold and ESG (environmental, social, and governance). Trovio’s platform-as-a-service solution, Trovio BRIDGE, has been digitising gold for The Perth Mint for more than three years. It will leverage CBL’s GEO contract to create the world’s first ESG-inclusive Gold ETF, as well as myriad zero-carbon-emission metal products, underpinned by the GEO contract via its proprietary platform.
Trovio in conjunction with CBL and Pangolin Associates are working towards certification under the Australian government’s Climate Active carbon neutral certification program demonstrating an ongoing commitment to transparency and integrity in offering the highest standard of decarbonisation products to investors.
CBL’s GEO contract was designed with input from financial institutions, trading firms, project developers, NGOs, industry associations, corporations, and carbon-standards organizations to streamline the purchase of verifiable, high-quality carbon offsets.
“ESG principles have moved from nice-to-have to investment-critical,” said Xpansiv Chief Strategy Officer Nathan Rockliff. “This all-Australian product establishes a new model that delivers ESG accountability to precious metals—an old-world asset built for modern-day investors. We’re excited to collaborate with Trovio to be at the forefront of this wave, and to expand our leadership position.”
“Thanks to this pioneering venture, institutional and retail investors will now be able to choose a gold investment product that meets global ESG standards, including carbon neutrality,” said Trovio CEO Jon Deane. “We’re offering investors the ability to readjust their portfolios in precious metals to promote better climate decisions—without impacting the underlying performance of gold’s investment case as a store of value and protection against inflation.”
Trovio enables traditional commodity players to access a wide range of market opportunities across distribution, financing, and transparency, empowered by new technologies. Incubated out of the RoZetta Institute, Trovio is reimagining the commodities landscape.
Until now, the only alternative for ESG-minded gold investors has been the LBMA programme, which confirms that gold ETCs have been exposed exclusively to responsibly sourced bars—while ignoring the climate impact of those products. Thanks to the GEO and innovative Trovio technology, there is now a fully ESG-inclusive alternative.
About Trovio
Trovio is a leading commodities-digitisation company that has developed a platform for infinite fractionalization and digitization of physical commodities. A spinout from Rozetta Ventures and part of the RoZetta Group (formerly Capital Markets CRC), the technology underpinning Trovio’s digital-commodities certificates is co-developed with other Rozetta Institute companies. It is also used to issue electronic cash and for the trading, clearing, and settlement of unlisted securities. The core Trovio team previously developed SMARTS, the leading market-surveillance business that was acquired by NASDAQ in 2010. Trovio is a member of the Universal Protocol Alliance. Trovio.io
About Xpansiv
Xpansiv is the global market for ESG-inclusive commodities. These Intelligent Commodities bring transparency and liquidity to markets, empowering participants to value energy, carbon, and water to meet the challenges of an information-rich, resource-constrained world. The company’s main business units include CBL, the leading spot exchange for ESG commodities, including carbon, renewable energy certificates, and Digital Natural Gas™; H2OX, the leading spot exchange for water in Australia; and XSignals, which provides end-of-day and historical market data. Xpansiv is the digital nexus where ESG and price signals merge. Xpansiv.com
About Pangolin Associates
Pangolin Associates is an energy and carbon management consultancy that works with organisations Australia-wide to increase efficiencies and reduce environmental impacts. Pangolin was the first in its sector to become certified carbon neutral under Climate Active. It is also a founding B Corporation in Australia. PangolinAssociates.com
Trovio Media Contact
Katie Olver
US: 866–586–5603
UK: +44 (0) 781 484 5376
pr@trovio.io
Xpansiv Media Contacts
U.S.: Rob Dalton, Xpansiv VP Communications—rdalton@xpansiv.com
Australia: Michael Mullane, Edelman—michael.mullane@edelman.com