State administration backs Hedera for the debut launch of India's first state-owned carbon bank, built on blockchain technology infrastructure.
In a groundbreaking development, India's first State Carbon Bank has been launched, marking a significant milestone in the practical application of the national carbon credit trading scheme. This digital platform, built on the Hedera Hashgraph network, is set to revolutionise the carbon credit market in the state of Maharashtra and beyond.
The Hedera Hashgraph network, renowned for its scalability, security, and low environmental impact, has been chosen to provide the blockchain infrastructure underpinning the entire State Carbon Bank. This infrastructure enables the tokenization and secure trading of carbon credits, ensuring immutability, transparency, and real-time auditing of transactions.
The launch of the State Carbon Bank is a response to the Indian government's Carbon Credit Trading (CCT) scheme, which requires industries with high greenhouse gas emissions to offset any excess emissions through purchasing carbon credits or face penalties. Hedera Hashgraph's technology enables these credits to be tokenized, creating digital assets that represent carbon offsets, which can be securely and transparently traded on the platform.
Moreover, the partnership between The Hashgraph Group, the Mahatma Phule Backward Class Development Corporation Ltd., and technical partners ensures that the State Carbon Bank is geared towards not only environmental compliance but also social and economic upliftment. The platform aims to boost ESG (Environmental, Social, and Governance) finance and integrate environmental, social, and governance criteria in rural areas.
The State Carbon Bank is expected to increase liquidity, transparency, and accessibility in India's carbon credit market, facilitating the integration of climate policies with practical technological tools. The digital innovation of the State Carbon Bank will also incentivise innovation in green financial services, creating new opportunities for startups, financial institutions, and regulatory bodies.
The alliance between Hedera and the Maharashtra government serves as a model for technology facilitating regulatory compliance and accelerating climate goals in emerging economies. As Hedera Hashgraph continues to expand globally, its role in building India's first State Carbon Bank demonstrates its commitment to driving the green economy and solving global environmental challenges.
[1] The Hashgraph Group. (2025). Press Release: India's First State Carbon Bank Launched on Hedera Hashgraph. Retrieved from https://www.thehashgraphgroup.com/news/indias-first-state-carbon-bank-launched-on-hedera-hashgraph [2] Government of Maharashtra. (2025). Carbon Credit Trading Plan. Retrieved from https://maharashtra.gov.in/carbon-credit-trading-plan [3] Hedera Hashgraph. (2025). Partnership Announcement: The Hashgraph Group and Maharashtra Government. Retrieved from https://www.hedera.com/news/partnership-announcement-the-hashgraph-group-and-maharashtra-government
- The State Carbon Bank, built on Hedera Hashgraph network, which is recognized for its low environmental impact and high scalability, is set to transform the carbon credit market in India by tokenizing and trading carbon credits securely, contributing to the growth of Environmental Science and the green economy.
- The integration of Hedera Hashgraph's technology, renowned for its security and real-time auditing, in the carbon credit trading scheme of Maharashtra, is expected to revolutionize the Science of Finance, particularly Environmental-Science Finance, by facilitating ESG (Environmental, Social, and Governance) transactions and boosting liquidity, transparency, and accessibility.
