DMG Announces Enablement of Carbon Neutral Bitcoin Transactions via Systemic Trust Company

DMG Blockchain Solutions announces that DMG’s digital asset custody subsidiary, Systemic Trust Company (“STC”) has added the capability to send bitcoin in a regulatory compliant and carbon neutral manner.

This enablement is the keystone that bridges the key pillars of DMG’s carbon-neutral Bitcoin ecosystem – STC, whose platform is built on Fireblocks’ custody solution, and Terra Pool, the world’s first carbon neutral Bitcoin mining pool. By utilizing Fireblocks, a proven and trusted solution for wallet infrastructure, users can be assured of the security and integrity of their digital asset holdings when they are stored and subsequently sent. In turn, DMG’s Petra technology empowers bitcoin transactions from STC’s Petra-enabled wallets to be sent via Terra Pool, which removes the risk of commingling with nefarious actors and utilizes energy from carbon neutral energy sources, a highly sought after capability increasingly demanded by financial institutions globally.

DMG’s CEO, Sheldon Bennett, commented: "Integrating Petra technology with Fireblocks’ custody solution achieves a key milestone for enabling DMG’s carbon neutral Bitcoin ecosystem, as it allows not only Systemic Trust being able to send bitcoin in a regulatory-compliant and carbon neutral manner but also the much larger ecosystem of Fireblocks’ 2000+ customers. Our goal remains to provide financial institutions, government and enterprises choice as to how they transact bitcoin, and this is a key advancement that can broadly give them that choice, all the while advancing our burgeoning collaboration with Fireblocks."

Learn more about our company

DMG

DMG’s mission is to lead the digital asset industry by meeting the most stringent compliance requirements while focused on environmental requirements.

Blockseer/Core+

Blockseer blockchain software products help enable crypto adoption and growth.

Systemic Trust

Systemic Trust, a custody solution for digital assets, ensures security with advanced technology, risk management, and transparency.

Terra Pool

Terra Pool, enabled by Blockseer software, is the world's first Bitcoin mining pool focused on carbon neutral energy and clean block mining.

Keep Reading

No posts found