Kayan Group Advances KYNCO2 Development, Targets Exchange Listing

Technology partnerships and professional assessments support the Group’s latest development plans.

Labuan, Malaysia – Kayan Group Holdings is advancing the development of Kayan Carbon Token (KYNCO2), with planned listings on GCex and P2B, subject to the finalisation of exchange arrangements, applicable compliance requirements and technical preparations.

As part of this development programme, the Group has engaged AI Green Bubble (AIGB) for blockchain technology development and Tijarah Holding for Proof of Reserve (PoR). The Group is also working with BiCO2 on carbon-credit non-fungible tokens (NFTs) and supporting infrastructure intended to facilitate the tracking and settlement of eligible carbon credits.

Separately, the National Certified Valuators Company (NCDLT) has issued a token classification document identifying KYNCO2 as a functional utility token, alongside a separate assessment of the Kayan Project’s development rights. These documents are subject to their respective scopes, assumptions, qualifications and limitations and should not be interpreted as regulatory approval or a guarantee of project value.

“Our priority is to establish clear project documentation and the technology needed to support practical services. These engagements bring specialist capabilities to the next phase of Kayan Group’s development,” said Dr Eddy Limantoro, Founder of Kayan Group Holdings.

KYNCO2 is designed to support service payments and carbon NFT settlement within the Kayan Forest ecosystem in North and East Kalimantan, Indonesia. The Group’s wider programme also includes collaboration with TrueFin Digital on an environmental card initiative linked to its corporate social responsibility activities.

“We are targeting GCex and P2B to broaden access to the Kayan ecosystem. We will announce launch dates and trading details once the exchange agreements, compliance requirements and technical preparations are finalised,” Dr Eddy added.

Official website: https://www.kayantoken.io

Social Media:

Facebook: https://www.facebook.com/people/KAYAN-TOKEN/61595072415280/

Instagram: https://www.instagram.com/kayantoken/

LinkedIn: https://www.linkedin.com/company/kayantoken/

X (Twitter): https://x.com/kayantoken

Medium: https://kayanforest.medium.com/

KYNCO2 is a utility token, not a carbon credit. This press release is for information purposes only.

Media Contact 

Company Name: Kayan Holdings Ltd.

Contact Person: Azmi Faez

Email: [email protected]

Website: https://www.kayantoken.io/

State: Labuan

Country: Malaysia

Disclaimer:
This article is for informational purposes only and does not constitute financial advice.

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