TrueMoney and Ascend Bit Drive Sustainability: 100,000 Trees’ Worth of Carbon Offset in One Month

TrueMoney and Ascend Bit Drive Sustainability: 100,000 Trees’ Worth of Carbon Offset in One Month Innovative Carbon Offsetting on the TrueMoney App Delivers Simplicity, Transparency, and Tangible Impact

TrueMoney, Southeast Asia’s leading digital financial service provider and Ascend Bit, a leading blockchain solution provider, successfully introduced a carbon credit trading feature on TrueMoney app. In just one month, TrueMoney’s users collectively offset over 1,500 tons of carbon emissions—the equivalent of the annual absorption capacity of more than 100,000 trees. This overwhelming response highlights the rising environmental awareness among younger generations, who are increasingly motivated to take meaningful action against climate change.

Carbon offsetting through the TrueMoney app is designed to be simple, transparent, and accessible. Leveraging Polygon blockchain technology, the platform ensures all data is publicly verifiable. Carbon credit purchases are converted into digital tokens, with each offset recorded as an NFT on the blockchain. Users can choose from flexible offset packages (7, 30, or 90 days) and seamlessly purchase and burn internationally certified carbon credit tokens using their TrueMoney account. This process offers a faster, more transparent, and cost-effective alternative to traditional carbon offset services in Thailand.

Ms. Monsinee Nakapanant, Co-President of Ascend Money Co., Ltd., said “Environmental and climate issues are critical concerns for people today, particularly among younger generations who are deeply committed to driving change. The enthusiastic participation of tens of thousands of Thais in offsetting carbon emissions through the TrueMoney app is an encouraging sign of growing awareness and action. This service empowers individuals to take meaningful steps in combating climate change and demonstrates the transformative power of technology in fostering sustainable, positive impact.”

Mr. Apinand Dabpetch, Managing Director of Ascend Bit and Head of Growth & Wallet Platform at TrueMoney said “At Ascend Bit, we are committed to leveraging blockchain technology to make real-world resources more accessible through tokenization. Carbon credits are a prime example, empowering individuals to actively combat global warming, reduce their carbon footprint, and experience the tangible benefits of innovative technologies driving a sustainable future.”

This initial success underscores the potential of technology to drive meaningful change and highlights the importance of partnerships within the sustainability ecosystem. TrueMoney and Ascend Bit remain dedicated to raising awareness and fostering participation among all Thais, united in the mission to create a carbon-neutral society and pave the way for a more sustainable future.