A sovereign AI company, and Tawasal, a leading UAE-based Super App, announced a joint venture today with Xange.com to assist governments in establishing national registries, monitoring, and market rails to support more than 100B+ ITMOs across the globe.
Xange.com, an environmental intelligence software and market-infrastructure provider, creates the foundation necessary for the robust global ITMOs market envisioned in the Paris Agreement, unlocking opportunities for mitigation-rich nations with:
- Digital Monitoring, Reporting and Verification (dMRV) tools, assisting countries in efficiently capturing verified buyer-grade mitigation data and environmental hazard detection, such as wildfire and flood detection.
- Global Environmental Market Infrastructure Solutions (GEMIS), a policy-driven one-stop technology solution for Paris-aligned environmental project management.
- Independent third-party ITMO registry and settlement, utilizing a digital platform provided by a Chicago-based U.S. custody bank.
- Sovereign Data and Payment Solution, connecting Aleria’s sovereign AI data capacity to millions of Tawasal users, with Gnosis and Noxxo as payment technology providers.
“Article 6 requires governments to operate credible registries, data systems, and settlement processes under national authority,” said Eric Leandri, CEO of Aleria and Tawasal. “This joint venture focuses on delivering the technical infrastructure needed to support compliant accounting, monitoring, and transfer of mitigation outcomes. By combining Aleria’s sovereign data capabilities, Tawasal’s digital platform, and Xange.com’s market infrastructure, we are enabling countries to implement Article 6 mechanisms in line with Paris Agreement requirements.”
By partnering with Tawasal and Aleria, Xange.com will expand to governments and enterprises in Africa, the Middle East, South America, Asia and other regions critical to fulfilling the Paris Agreement.
