Nature’s Miracle Holding Inc. (OTCQB: NMHI) is expanding into digital carbon markets with a planned acquisition of a $20 million carbon credit portfolio, aiming to tokenize the assets using blockchain technology.
The agriculture and cleantech firm, headquartered in Ontario, California, has signed a Letter of Intent (LOI) to purchase the credits from Carbon Credit Capital Co., Ltd. (Carbon Credit Corporation), based in Taiwan.
Under the agreement, Nature’s Miracle intends to issue common stock to complete the transaction, according to a company statement on Monday.
Final terms, including the number of shares, will be outlined in a definitive purchase agreement expected within 30 days.
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The portfolio comprises credits representing roughly one million metric tons of carbon dioxide (CO2) reductions, primarily generated through hydroelectric and methane projects in Asia and South America.
These credits are verified under the Verra’s Verified Carbon Standard, the world’s most widely adopted greenhouse gas crediting framework.
Nature’s Miracle plans to integrate the acquired credits into tokenized assets using the XRP Ledger (XRPL), a decentralized and energy-efficient blockchain that has gained traction for its low carbon footprint.
The move would enable more transparent and accessible trading of environmental assets, the company said.
Tie “James” Li, Chairman and CEO of Nature’s Miracle, expressed enthusiasm about the acquisition, noting that leveraging XRPL for tokenization could position the company as a pioneer in applying blockchain to real-world assets.
Carbon Credit Corporation’s CEO Ting Chen Kao added that tokenization would “enhance the accessibility, liquidity and accountability of the carbon credit trading.”
Nature’s Miracle has recently broadened its focus beyond agriculture tech into electric vehicles, bitcoin mining, and XRP-based financial products.
