Diversifi is the first tech-driven cryptocurrency risk management platform for institutions. On the other hand, Cloverly is a sustainability-as-a-service platform. The companies have partnered to help the crypto sector offset its environmental footprint.
In its case, Diversifi automatically offsets the carbon footprint of cryptocurrency holders by calculating the carbon footprint by using Cloverly’s carbon offset API. This offset addresses the effect of Ether mining, Bitcoin mining, and smart contracts execution, like minting nonfungible tokens (NFTs).
Eitan Katz, the CEO at Diversifi, commented:
“We remove the complexities from the process. We want crypto investment to be a safe, positive, and responsible thing: we provide ways to hedge against risk and protect against losses without affecting the environment. No other company offers that.”
This service is made available through the Diversifi platform dashboard. Users have to specify the amounts of ETH and BTC they want to offset. The Diversifi platform calculates the costs and executes them through the Cloverly API.
“The Cloverly team is very excited to be working with Diversifi. Combining crypto and sustainability is a much-needed offering due to the energy-intensive nature of this industry. Diversifi are thought-leaders in their space by bringing this offering to market.”
“We welcome the shift of miners to more usage of renewable energy, as well as the move to less polluting consensus mechanisms (i.e. PoS). In the meantime, we invite every HODLer, trader, asset manager, and miner to invest responsibly in more sustainable cryptocurrency.”
Corporates, funds, family offices, and asset managers may already use this new service. To celebrate this launch, and for a short time, Diversifi will not incur any extra fees instead of the fees charged by its partners. The service is available currently in every jurisdiction.