Trovio Teams With Xpansiv To Launch World’s First Net-Zero Gold ETF

Announcements, Blockchain, Innovation, News | March 8, 2021 By:

Trovio, formerly InfiniGold who operates a blockchain-powered platform for the digitization of gold and other precious metals, has announced plans to launch the world’s first net-zero carbon emissions gold exchange-traded fund (ETF) on the Australian Securities Exchange (ASX).

Established in 2017, Trovio has developed a platform for infinite fractionalization and digitization of physical commodities. The company is 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.

Trovio’s new product, GoldZero, was jointly developed with Xpansiv, a market for ESG-inclusive commodities. 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.

According to Trovio, its platform-as-a-service solution, Trovio BRIDGE, 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.

“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.”

The 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.

“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.”