NoviqTech Partners with Evercity to Integrate Platforms and Expand East African Carbon Market Reach
NoviqTech has entered a strategic partnership with Evercity to integrate their platforms and expand blockchain-enabled carbon market solutions, targeting emerging markets like East Africa.
- Strategic partnership formed between NoviqTech and Evercity
- Integration of Carbon Central with Evercity’s onboarding and tokenisation platform
- Focus on expanding blockchain-enabled carbon finance solutions in East Africa
- Collaboration aims to enhance transparency, accountability, and efficiency in carbon markets
- Financial impact and project specifics to be disclosed in future updates
A New Alliance in Carbon Market Innovation
On 29 January 2025, NoviqTech (ASX: NVQ) announced a strategic partnership with Berlin-based Evercity, a rising player in sustainable finance technology. This collaboration aims to merge NoviqTech’s Carbon Central platform with Evercity’s specialised onboarding and tokenisation solutions, creating a comprehensive digital infrastructure for carbon project management aligned with international standards.
The partnership is positioned to address critical challenges in global carbon markets, such as transparency, traceability, and operational efficiency, by leveraging blockchain and AI technologies. NoviqTech’s expertise in monitoring, reporting, and verification complements Evercity’s strengths in project onboarding and green digital asset issuance, promising an end-to-end solution for carbon credit lifecycle management.
Strategic Focus on Emerging Markets
A notable aspect of this alliance is its targeted expansion into emerging regions, particularly East Africa, where Evercity has established a foothold through recent collaborations, including a strategic partnership with the Government of Uganda announced at COP29. This regional focus aligns with global efforts to scale sustainable development and climate finance in economies that stand to benefit significantly from transparent and efficient carbon markets.
By combining their networks and technological capabilities, NoviqTech and Evercity aim to accelerate adoption of blockchain-enabled climate finance solutions, reducing costs and timeframes for project developers and investors alike. The integration is expected to foster greater accountability and reduce greenwashing risks, a persistent concern in the sustainability sector.
Looking Ahead: Collaboration and Growth
While the partnership agreement outlines joint exploration of projects, resource sharing, and market opportunity identification, specific details such as project names, deliverables, and financial terms will be formalised in future addenda. NoviqTech has not yet quantified the expected revenue impact but commits to updating the market as information becomes available.
Leadership from both companies expressed optimism about the collaboration’s potential. NoviqTech CEO Freddy El Turk highlighted the complementary nature of the partnership, while Evercity CEO Alexey Shadrin emphasised the shared commitment to innovation and sustainable development goals.
This alliance signals a strategic move by NoviqTech to deepen its footprint in the sustainable finance technology space and to harness emerging market opportunities through cutting-edge digital solutions.
Bottom Line?
NoviqTech’s partnership with Evercity could redefine carbon market dynamics, but investors await clarity on financial outcomes and project milestones.
Questions in the middle?
- What specific projects will NoviqTech and Evercity pursue under this partnership?
- How soon will the partnership translate into measurable revenue or market share gains?
- What regulatory or operational challenges might arise in expanding blockchain carbon solutions in emerging markets?
