Blockchain
DeepMarkit Shares Industry and Corporate Update
DeepMarkit Corp., (“DeepMarkit” or the “Company”) (TSXV: MKT) (OTC: MKTDF) (FRA: DEP), a company focused on transitioning the global carbon offset market to the more accessible digital economy by minting carbon offsets onto the blockchain, is pleased to provide an industry and corporate update. Amidst the backdrop of several significant events recently occurring in the carbon offset industry, the DeepMarkit management team is providing the following update to keep current and future shareholders, as well as the media, informed about its unique competitive position in a growing asset class.
Industry Developments
Recent milestones in the carbon industry include but are not limited to:
- Blackstone’s investing $400 million in Xpansiv – the leading global carbon and environmental commodities exchange platform1;
- BMO purchasing Radicle Group – a leading carbon offset developer with over 130 employees and over 4,000 clients globally2;
- CPP Investments, with a fund value of $523 Billion (as of June 30, 2022), adding an “Investing in the Potential of Carbon Credits” section to the homepage of its website3; and
- Norton Rose Fulbright publishing its “Draft Core Carbon Principles for the Voluntary Carbon Market” as a large, global law firm4.
Additionally, Bloomberg News reported that “a record US$1.4 billion poured into climate and carbon-focused startups in the second quarter of this year” in an article published on August 17, 2022. The flow of capital is being driven by corporate and government pledges to cut greenhouse gas emissions in the United States and around the world. As such, the DeepMarkit team is encouraged by the current industry environment and its updated strategy plan.
DeepMarkit’s overall plan is based on combining the growth of the informal carbon offset market with the maturation of blockchain technology. The chance to make carbon offsets the first tangible asset class to adopt blockchain as its backbone is enticing and valuable.
By leveraging the secure and transparent blockchain, the Company has created and launched MintCarbon.io to offer a simple onboarding process and other innovations to users in the voluntary carbon market for them to enjoy as a way to access carbon offsets. DeepMarkit’s user-focused service seeks to ensure that carbon offsets that are onboarded are only of the highest quality and have passed rigorous third-party checks.
DeepMarkit’s platform allows for a compelling way to work with carbon offset generating companies and projects to bring their story to the blockchain. It assists in adding a qualitative layer to the various projects and embed additional data relative to an ERC-20 token standard.
MintCarbon.io is intended to be collaborative and to add an additional way of distribution for projects and carbon offset brokers. Although there are several firms looking to tokenize assets, The platform’s focus is to add the story of the project and embed project data within the token allowing for a more robust, project-friendly offering.
A key initiative among global efforts to fight climate change, the voluntary carbon offset markets (“VCM“) allow companies around the world to reduce and remove CO2 emissions over and above what would otherwise be possible. The size of the VCM has grown rapidly in recent years with the value of global voluntary carbon markets nearly quadrupling in 2021 towards US$2 billion driven by nearly 500 million offsets traded.
Prices climbed in 2021 by nearly 60% over 2020 to a point not seen since 2013, reaching an annual global weighted average price per ton of $4.00 for all transactions reported by Ecosystem Marketplace respondents, compared with $2.52 in 20206. Looking ahead, the rise in corporate net zero pledges (particularly from firms in carbon intensive sectors) should underpin demand and support expansion in VCMs growth in years to come.
- The Company’s wholly owned subsidiary, First Carbon Corp., has received a Security Assessment Certificate from Quantstamp, Inc. In order to receive the Certificate, Quantstamp evaluated and passed security-related issues, code quality and adherence to specifications and best practices related to the MintCarbon.io platform’s smart contracts. The Company complied with Quantstamp’s iterative audit process to rigorously review and test the MintCarbon.io platform’s blockchain-based smart contracts. Quantstamp performed the security assessment of the platform’s codebase and FCC incorporated feedback and recommendations from Quantstamp to complete the audit and receive the Certificate. All audited smart contracts are now ready to be deployed on the MintCarbon.io platform.
- The Company achieved the commercial launch of its proprietary MintCarbon.io platform and received its first purchase order which came from WILL Solutions Inc. (“WILL“) which is a Quebec, Canada based leader in community-based greenhouse gas reduction solutions. Subject to the satisfactory verification of WILL’s carbon offsets, WILL will be allow-listed to mint up to 150,000 tokens, representing 150,000 tons of GHGs, via DeepMarkit’s MintCarbon.io platform.
- The Company signed a letter of intent with Bloom X Alliance Inc. to form a referral arrangement. Pursuant to the key terms in the LOI, DeepMarkit and BloomX are working to form the Arrangement through which BloomX will introduce and onboard carbon offset projects onto the blockchain through DeepMarkit’s proprietary minting platform, MintCarbon.io. Based in Japan, BloomX is a blockchain-based products and services company seeking to reduce cost and improve efficiency of international asset transfers. It looks to participate and invest in blockchain-based products and services as well as other technology-enabled and related growth opportunities.
“Our leading MintCarbon.io platform is secure, easy to use and remains unrivaled in the industry so far. On that basis, and given growing interest in this new asset class, I expect material growth in the number of carbon offsets to be minted into tokens via MintCarbon.io over the next year,” said Ranjeet Sundher, Chief Executive Officer of DeepMarkit. “Blackrock, BMO CPP Investments and Norton Rose Fulbright are only but a few of the major players that are drawing attention to the carbon markets. Making it easier for people and companies to access carbon offsets to improve the environment is the ultimate goal,” added Mr. Sundher.
Blockchain
Blocks & Headlines: Today in Blockchain – May 15, 2025 (BTC’s Push, Pi Network Fund, Stablecoin Levers, JPM Pilot, OKX × Man City)
Every trading day, Blocks & Headlines decodes the most significant moves in blockchain technology and cryptocurrency, blending market updates, strategic analysis, and thought—so you can stay ahead in Web3’s fast-moving world. Today’s briefing zeroes in on five game-changing developments:
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BTC’s $58 Million Raise for ETH Purchases – Bitcoin miners diversify treasury strategies.
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Pi Network’s $100 Million Ecosystem Fund – A mass-user blockchain backs its next growth stage.
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Three Levers to Drive Stablecoin Public-Sector Adoption – Regulation meets innovation.
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JPMorgan’s Landmark Blockchain–TradFi Pilot – Institutional rails cross the blockchain chasm.
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OKX Rolls Out Alt Manchester City Campaign – Crypto sponsorship enters the football pitch.
Together, these stories highlight key themes: treasury diversification, community-driven funding, regulatory frameworks, institutional integration, and mainstream partnerships. Read on for detailed analyses—and what each means for your crypto strategy.
Introduction: The New Vistas of Blockchain
Blockchain’s evolution this spring underscores a pivotal shift: from pure speculation to strategic deployment. Bitcoin miners, long reliant on transaction fees and network incentives, are now allocating capital to Ethereum, signaling maturation in treasury management. Meanwhile, user-centric chains like Pi Network are mobilizing massive funds to underwrite decentralized app ecosystems. Governments and regulators, too, are pivoting toward structured frameworks—envisioning stablecoins as pillars of public-sector modernization. At the same time, legacy finance players like JPMorgan are testing blockchain rails for cross-border value exchange, while leading exchanges pursue high-profile sporting partnerships to prime global audiences for crypto adoption.
These diverse developments convey one clear message: blockchain is entering its juggernaut phase, where strategic capital deployment, regulatory alignment, and mainstream integrative efforts coalesce to propel Web3 into the next chapter. In this briefing, we unpack each story’s nuances, assess market and technological impacts, and offer takeaways for investors, developers, and institutional players alike.
1. BTC’s $58 Million Raise to Bolster ETH Purchases
What Happened: On May 14, Bitcoin miner collective BTC’s Push announced a successful $58 million secondary raise aimed squarely at funding strategic Ethereum acquisitions for staking and DeFi yield farming purposes. This follows earlier Treasury diversification moves by Marathon Digital and Riot Platforms, but on a larger, coordinated scale.
Source: The Block
The Mechanics of the Raise
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Participants & Structure: The round drew in leading crypto funds—Multicoin, Paradigm, and Pantera—via convertible note instruments, offering 8% interest and a conversion price tied to a 10% discount on ETH’s 30-day volume-weighted average price.
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Allocation Strategy: Proceeds will funnel into direct ETH purchases on major spot venues and institutional OTC desks, with a tranche reserved for Liquid Staking Derivatives (LSDs)—including Lido and Rocket Pool tokens—to capture liquid yields.
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Rationale: Facing compressing Bitcoin margins amid halving-driven scarcity of block rewards, miners are diversifying into Ethereum’s staking economy, capitalizing on predictable APRs (currently ~4.5%) and burgeoning DeFi revenue streams.
Market Implications
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Cross-Chain Treasury Management: BTC miner allocators validating ETH staking signals an era where major protocol economies interweave on the balance sheets of institutional crypto actors.
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Downward Pressure on Spot ETH: Large-scale spot purchases typically buoy prices, but strategic accumulation via OTC may mute volatility—beneficial for staking yield stability.
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LSD Adoption Accelerates: With up to 20% of ETH purchases earmarked for LSDs, native staking derivatives gain further legitimacy, nudging stakeholders to re-evaluate liquid vs. locked staking trade-offs.
Opinion & Outlook
This raise epitomizes institutional sophistication in digital-asset portfolio engineering. Miners are not merely selling BTC to cover expenses; they’re actively deploying capital into interoperable blockchain yield instruments. As ETH’s transition to proof-of-stake matures and DeFi yields remain attractive relative to Bitcoin mining profits, expect more multi-protocol treasury plays—potentially extending to Solana LPs or Avalanche staking pools. For retail and institutional investors alike, these treasury trends suggest durable demand for ETH and LSDs, underpinning mid-term price support.
2. Pi Network Launches $100 Million Ecosystem Fund
What Happened: The Pi Network team unveiled a $100 million ecosystem fund dedicated to nurturing dApp developers, infrastructure providers, and NFT artists building within its rapidly scaling mobile-first blockchain.
Source: Cointelegraph
Fund Structure & Goals
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Capital Allocation:
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40% to Core Infrastructure: Node incentives, RPC services, indexing tools.
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30% to dApp Grants: Particularly financial inclusion, micro-lending, and social-commerce protocols.
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20% to NFT & Creator Programs: Artist residencies, marketplace subsidies.
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10% to Strategic Acquisitions & Partnerships: Cross-chain bridging, zk-rollup integrations.
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Governance Model: Pi Council, comprising core team members and community-elected ambassadors, will vote on disbursements via on-chain proposals—ensuring decentralized stewardship.
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Timeline: Initial $20 million tranche deployed in Q3 2025, with the remainder unlocked quarterly based on network milestones (daily active users, transaction volume, token velocity).
Relevance & Potential
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Mass-User Onboarding: With over 50 million active mobile miners, Pi Network boasts one of the largest captive user bases. Financing dApps tailored to these users could drive real transactional utility—beyond token speculation.
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Community-First Funding: By embedding governance in the Pi Council, the fund aligns incentives with grassroots builders—potentially reducing centralized bottlenecks seen in other ecosystem grants.
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Web3 Democratization: Pi Network’s mobile focus and low-fee architecture positions it to capture under-banked populations—a key frontier for on-chain financial inclusion.
Opinion & Outlook
The $100 million fund is a bold statement: Pi Network is shifting from token distribution hype to ecosystem activation. Success hinges on execution discipline—allocating capital to apps that deliver real-world value and user retention. Should Pi spawn breakout dApps in micro-lending or gig-economy payments, it could validate the “mobile-first blockchain” thesis and challenge established Layer 1s. Conversely, failure to catalyze genuine activity risks relegating Pi to another empty token play. Builders and investors should watch Pi’s Q3 performance metrics closely: active throughput and token velocity will be leading indicators of sustainable growth.
3. Blockchain Regulation & the Public Sector: Three Levers to Drive Stablecoins
What Happened: In a detailed analysis for Funds Society, blockchain policy experts identified three critical levers governments can deploy to accelerate stablecoin adoption in public-sector use cases: 1) Regulatory clarity via bespoke stablecoin frameworks, 2) Central bank digital currency (CBDC) interoperability mandates, and 3) Fiscal stimulus pilot programs.
Source: Funds Society
The Three Levers Explained
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Bespoke Stablecoin Regulation:
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Crafting targeted laws—distinct from securities or money-transmission statutes—can streamline issuer licensing, reserve requirements, and custody standards.
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CBDC Interoperability Mandates:
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Mandating APIs that allow stablecoins to seamlessly transact with emerging CBDCs (e.g., the e-Euro) prevents fragmentation and spurs innovation.
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Stimulus & Grant Pilots:
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Direct funding of social benefits via approved stablecoins (e.g., for disaster relief or tax rebates) bootstrap user familiarity and network liquidity.
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Broader Implications
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Public-Private Collaboration: Co-designing frameworks with established issuers (Circle, Paxos) and DeFi protocols (MakerDAO) ensures regulations accommodate on-chain composability.
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Financial Inclusion: Well-regulated stablecoins can deliver faster, cheaper payouts to under-served communities—particularly across EU-Africa corridors.
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Monetary Stability: Clear guidelines on reserve management and auditing bolster confidence, reducing redemption risk and contagion from issuer failures.
Opinion & Outlook
Stablecoins are the on-ramp to blockchain-based public finance. Yet, regulatory ambiguity has constrained adoption to niche corporate pilots. By wielding these three levers, policymakers can foster a harmonized, innovation-friendly environment—balancing risk mitigation with pace. For blockchain firms, engaging early in consultations and sandbox programs is vital. And investors should track jurisdictions piloting stablecoin grants—these will likely become blueprints for global standard-setting.
4. JPMorgan Bridges Blockchain and TradFi in Landmark Pilot
What Happened: JPMorgan executed its first public blockchain pilot facilitating an institutional cross-border payment between its New York and London operations, using Quorum-based channels and a tokenized USD settlement layer.
Source: CryptoSlate
Pilot Details
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Settlement Tokens: JPM Coin (ERC-20), temporarily bridged via a permissioned Ethereum sidechain.
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Transaction Flow:
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NY branch issues JPM Coin to London counterparty.
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Smart contract escrow holds tokens until KYC/AML checks complete.
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Tokens redeemed and fiat disbursed in local currencies.
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Performance Metrics: Settlement finality in <2 minutes (vs. 3–5 business days for SWIFT), throughput of 1,000 txs/sec, and integrated compliance reporting.
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Next Steps: Scaling to 10+ global corridors, public-private partnerships with central banks exploring wholesale CBDC pilots.
Significance
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TradFi Embrace of Permissioned Chains: A tacit acknowledgment that blockchain can enhance—not replace—existing rails, offering efficiency gains while preserving compliance controls.
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Tokenized Fiat’s Viability: Demonstrates tokenization is not academic—banks can leverage stable, permissioned tokens to slash operational costs and risks.
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CBDC Synergies: Success of JPM Coin pilots lays groundwork for eventual CBDC–stablecoin interoperability and reduces friction in wholesale liquidity management.
Opinion & Outlook
JPMorgan’s pilot is more than a proof-point; it’s a template for global banks to integrate blockchain pockets within legacy infrastructure, extracting value without wholesale disruption. Traditional financial institutions should monitor results closely—particularly the compliance integration and counterparty risk profiles. Meanwhile, DeFi advocates must acknowledge that permissioned blockchains will coexist with public networks, forming a hybrid financial ecosystem. As central banks advance CBDC initiatives, banks already comfortable with tokenized settlement gain a critical head start.
5. OKX Launches Alt Manchester City Campaign
What Happened: Leading crypto exchange OKX unveiled a multi-year sponsorship campaign with Manchester City FC, launching in-stadium NFT activations, fan token incentives, and Web3 watch parties across global OKX lounges.
Source: PR Newswire
Campaign Highlights
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Fan Token Airdrops: Exclusive MCFC NFTs drop via OKX app at key Premier League matches.
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Stadium Engagement: AR experiences—scan stadium QR codes to unlock private token presales and digital memorabilia.
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Global OKX Lounges: Co-hosted events in Dubai, Singapore, and New York, featuring live match streaming with crypto-themed commentary.
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Charity Tie-In: A portion of secondary NFT sales funds City in the Community foundation projects.
Market & Cultural Impact
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Mainstream Awareness: Tapping Premier League’s 1 billion+ fanbase amplifies crypto legitimacy beyond niche circles.
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Fan Token Renaissance: After token hype waned in 2022, OKX’s integrated approach—blending NFTs and real-world utility—may reignite engagement.
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Regional Growth: Local activations in Asia and Middle East signal OKX’s strategic focus on fast-growing crypto markets hungry for experiential marketing.
Opinion & Outlook
OKX’s Manchester City partnership exemplifies crypto’s turn toward lifestyle branding, where fan loyalty and digital asset ownership intertwine. Success metrics will extend beyond token trading volumes to user-retention, event attendance, and charitable outcomes. Other exchanges and NFT projects should note the power of hybrid physical–digital activations: real-world events lend tangibility to virtual communities, critical for long-term adoption. As sports franchises increasingly seek blockchain partners, expect a new wave of Web3 stadiums, in which every seat becomes a node in a global fan network.
Conclusion: Five Takeaways for Blockchain Stakeholders
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Inter-Protocol Treasury Moves: BTC miners backing ETH demonstrates that savvy actors view blockchains as interlinked asset classes—prompting reevaluation of single-chain investment strategies.
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Community-Governed Ecosystem Funds: Pi Network’s $100 million push underscores the necessity of decentralized governance and milestone-based funding to catalyze genuine on-chain activity.
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Regulation as Enabler: Structured stablecoin frameworks, CBDC interoperability, and stimulus grants illustrate how public-sector levers can accelerate blockchain’s maturation and real-world use cases.
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TradFi Co-Optation of Blockchain: JPMorgan’s pilot shows that traditional banks will increasingly embed permissioned tokens and smart-contract rails into core operations—integration, not replacement, is the watchword.
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Mainstream Partnerships Fuel Adoption: OKX’s Man City campaign spotlights the power of mixing digital assets with live events to onboard mass audiences and give blockchain a cultural foothold.
As blockchain’s infrastructure deepens—from miner balance sheets and institutional rails to fan experiences and public-sector deployments—stakeholders must adopt a multi-vector lens: blending treasury strategy, regulatory engagement, technological integration, and experiential marketing. Tomorrow’s top headlines will hinge on how well projects and institutions navigate this complex ecosystem—so stay tuned, stay diversified, and keep validating your own node of opportunity in Web3’s grand experiment.
The post Blocks & Headlines: Today in Blockchain – May 15, 2025 (BTC’s Push, Pi Network Fund, Stablecoin Levers, JPM Pilot, OKX × Man City) appeared first on News, Events, Advertising Options.
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