Highlights of the Singapore Fintech Festival 2022

November 21, 2022

Earlier this month, MetaVerse Green Exchange participated in the Singapore Fintech Festival 2022, showcasing our sustainable products and services. Here are the highlights that took place during the three-day event:

Speaking Opportunities

During the Singapore Fintech Festival, our Executive Chairman and Co-Founder Bo Bai spoke at various panels, including the panel discussions organized by MAS and MIT Initiatives Showcase. During the MAS ESG Panel entitled “Navigating the Global Demand for Carbon Credits”, Dr. Bai shared about the current difficulties in the carbon markets and how MVGX’s products and services can help to solve these problems. This includes solving the problem of Nationally Determined Contributions (NDCs) through our Carbon Neutrality Token (CNT^®). To find out more about how our CNTs^® can help solve the NDC issues, please watch this video.

In addition, Dr. Bai was also invited to speak at the MIT Fintech Initiatives Showcase which featured other panelists, including Marc Rakotomalala, Research Fellow, Sim Kee Boon Institute for Financial Economics at SMU, Yunus Sevimli, Co-Founder and Chief Technology Officer, Almond Fintech, Peter Choi, General Manager, APAC, Floating Point Group, and Randall Duran, Senior Lecturer, Singapore Management University who was the moderator. The panel focused on discussing the key technologies that can potentially create value for businesses and give them a competitive advantage.

Our President and Chief Strategy Officer Michael Sheren also spoke at OCBC’s fireside chat, together with Benjamin Mah from Oracle and Shyong Lee (moderator). During the fireside chat, key strategies of how corporations can accelerate their journey towards carbon neutrality were discussed. In addition, corporations were urged to also focus on the ‘S’ and ‘G’ aspects of ESG in order to better address environmental problems and move towards sustainability.

MVGX Kiosks

During the Singapore Fintech Festival, we also had 2 kiosks to showcase our Carbon Suite at the ESG Zone and the SFF Finalists Zone. The kiosks aimed to educate more people on the ways in which they can become carbon-neutral, not just at an individual level, but also across departments in a corporation.

Most people who came to our booths were curious about how we operate as an exchange and how we were different from other carbon credit exchanges. One of the biggest differentiating us is how proprietary CNT^® does not trigger Nationally Determined Contributions (NDCs) and allows cross-border trading due to our listing and tokenization processes. Our CNTs^® are trackable and immutable on the blockchain, eliminating the risk of double counting. In addition, our Carbon Registry allows us to keep track of the projects (renewable, forestry, etc) that the buyers of CNTs^® would be funding. This ultimately ensures transparency as it allows them to know where their money goes to and prevents a situation of fraud or vintage carbon credits.

From these interactions and questions asked by people, we are hopeful that more will embark on the journey toward carbon neutrality and find ways to reduce their carbon footprint as an individual and as a corporation.

Besides explaining more about our products, we also gave out Net Zero Cards to people who came to our booth. Each card contained 100 kg of carbon for them to offset their carbon footprint to the event, whether it was by car, public transport, or even a flight into Singapore. In this manner, we do our part to ensure that everyone can neutralize some form of their transportation trips.

MVGX wins SFF Award

Last but not least, we are also honored to have won first place in the SFF Global FinTech Awards 2022 under the Singapore FinTech (Singapore Founder) category, featuring our ‘Carbon Suite in the Fight Towards Sustainability’.

Winning this award has reaffirmed our role as a climate solution provider and enabler of corporations and governments looking for infrastructure to achieve their ESG ambitions.