<h3>London, UK, 1st July, 2022, Chainwire</h3>
<ul>
 	<li><i>SIT is the world’s first blockchain-based algae biomass project offering. The project will be built utilising patented sustainable technology to deliver a pioneering green investment opportunity. </i></li>
 	<li><i>Carbon credits generated by biomass projects will be tokenized as Algaecoin. </i></li>
</ul>
<b>The world’s first blockchain-based algae biomass project, built on the energy-efficient </b><a href="https://tezos.com/" rel="nofollow noopener"><u><b>Tezos</b></u></a><b> blockchain, was announced today by leading capital markets technology firm, Globacap.</b> Developed and operated by <a href="https://sustainableimpacttokens.com/" rel="nofollow noopener"><u>Sustainable Impact Token (SIT)</u></a>, the project will support the development, construction, and operation of algae biomass farms. The initiative will use blockchain technology to bridge the gap between two of the fastest growing investor markets in the world – asset-backed finance and crypto.

SIT’s algae biomass farms produce high quality, non-animal protein, based on a system powered exclusively using renewable energy. These algae farms are absorbing large amounts of carbon out of the atmosphere and a net producer of renewable energy. The SIT project is currently supporting the development of a “proof of concept” algae biomass farm in Europe using patented, sustainable technology.

Myles Milston, CEO of Globacap says, “Being part of this pioneering project marks an important milestone in our ongoing mission to enable frictionless asset creation and transferability. With Globacap, the capital raising process is completely digital, mostly automated, transparent, secure, and compliant. Our work with SIT and Tezos is transformational in the way this market can operate.”

The $5 billion algae biomass sector is estimated to grow at a CAGR of 6.3% during the next 5 years (<a href="https://www.globenewswire.com/en/news-release/2022/01/24/2371558/0/en/Global-Biomass-Market-is-Expected-to-Grow-at-a-CAGR-of-6-3-from-2021-to-2030-Quince-Market-Insights.html" rel="nofollow noopener"><u>Quince Market Insights</u></a>) and the success of the project will provide the basis to expand globally. SIT provides investors with tokens issued via smart contracts deployed on the proof-of-stake Tezos blockchain, representing their preferred shares in the project. Carbon credits generated from the algae production will also be tokenized into Algaecoin, a tokenized asset representing tradable carbon credits.

“By bringing agri-tech solutions and carbon credit-backed assets into private markets and beyond, we can make significant, impactful steps towards sustaining our planet for future generations,” adds Milston.

The SIT offering was designed to enable frictionless transferability in full compliance with securities regulation through the Tezos FA2 compliant token contracts for holding and settlement. This pioneering offering links the sustainable asset-backed and crypto investment worlds together to create a compelling blockchain-enabled investment vehicle.

“As solutions to the macro challenges of food scarcity and sustainable energy production continue to be a global priority, demand for investment vehicles that can also support these objectives are increasing. We are thrilled to see Globacap choose Tezos to power this unique blockchain based, asset-backed offering,” says Mason Edwards from Tezos Foundation.

<a href="https://tezos.com/" rel="nofollow noopener"><u>Tezos</u></a> is an energy-efficient open source blockchain network powered by a globally decentralised network of users and validators. Companies and builders around the globe leverage Tezos for projects exploring the potential for blockchain to be a tool for sustainable innovation. Recently, Cambridge University announced the <a href="https://4c.cst.cam.ac.uk/" rel="nofollow noopener"><u>Cambridge Centre for Carbon Credits (4C)</u></a> which is creating a trusted decentralised marketplace on Tezos where purchasers of carbon credits can confidently and directly fund trusted nature-based projects tying together corporate funders to conservationists, via automated and transparent global oracles.

<a href="https://globacap.com/" rel="nofollow noopener"><u>Globacap</u></a> is committed to enabling adoption of tokenization for most asset classes and providing a means for digital securitisation to global capital markets. Blockchain technology enables previously illiquid investment to now be transacted efficiently in seconds instead of weeks, and with minimal overheads. Globacap’s mission is to bring the archaic processes behind capital markets into the digital era by offering private placement, securities issuance, securities registry management, and liquidity products.

Chairman &amp; Founder of Sustainable Impact Token, Peter Henderson, says, “Our vision is to play our part in addressing some of the real challenges of our time – how can the growing world population be fed sufficiently, nutritiously and can this ambition be achieved in a way that improves, rather than harms, the environment?  We believe our approach helps on all these fronts and know that the investor community is keen to join us on the journey.

“SIT presents a unique investment opportunity that is underpinned by our three core pillars: food security, renewable energy and carbon reduction.

“We wanted to structure the offering using an innovative, transparent and secure approach.  Investors are being offered an attractive return, in a real asset, but through digital technology – and they can make their investments through fiat or crypto currencies.

“Bringing the token offering to market has been amazingly smooth, which is a credit to our partners at <a href="https://globacap.com/" rel="nofollow noopener"><u>Globacap</u></a>, <a href="https://tezos.com/" rel="nofollow noopener"><u>Tezos</u></a> and <a href="https://lumincapital.com/" rel="nofollow noopener"><u>Lumin Capital</u></a>.”

To learn more about Sustainable Impact Token, visit https://sustainableimpacttokens.com/

To learn more about Globacap, visit https://globacap.com/

To learn more about Tezos, visit https://tezos.com/
<h3>ENDS
About Globacap:</h3>
Globacap is driving the digitisation of all assets by using technology to unlock the true potential of capital markets. It has standardised the securities landscape, enabling frictionless asset creation and transferability.

Over $14 billion of private share and debt instruments are digitally administered on the platform, and Globacap has now executed over $180 million of secondary liquidity in private securities with digital, automated settlement. Globacap is regulated by the FCA (Financial Conduct Authority) as an arranger and custodian and its platform can onboard investors from over 60 countries, in compliance with local regulations. For more information on how Globacap is changing the private capital markets industry, please visit www.globacap.com.
<h3>About Tezos:</h3>
Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof of Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow's innovations without network disruptions today. For more information, please visit www.tezos.com.
&nbsp;
<h2>Contacts</h2>
Marketing Manager
<ul>
 	<li>Bianca Willey</li>
 	<li>Globacap</li>
 	<li>bianca.willey@globacap.com</li>
</ul>

Asset-Backed Token Raise to Support the Build of Algae Biomass Protein Farms

The world’s first blockchain-based algae biomass project, built on the energy-efficient Tezos blockchain

Asset-Backed Token Raise to Support the Build of Algae Biomass Protein Farms

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