- SMC Entertainment (OTC:SMCE) and Circle Energy Sweden AB form a joint venture, Carbon Capital Solutions AB.
- The venture will be based in Stockholm, Sweden, with an initial capital of 5 million SEK, approximately US$530,000.
- Carbon Capital Solutions aims to launch a blockchain platform for carbon credit trading by Q3 2025.
SMC Entertainment, Inc. (OTC:SMCE), a Fintech incubator, announced a strategic joint venture with Circle Energy Sweden AB to establish Carbon Capital Solutions AB in Stockholm, Sweden. The new entity will start with an initial capital of 5,000,000 SEK, which is roughly equivalent to US$530,000.
In this joint venture, Circle Energy will hold a majority stake of 51% by contributing 500 million unrestricted shares valued at 0.01 SEK each, while SMC Entertainment will own 49% through the contribution of its proprietary FYNN AI Platform.
The joint venture plans to develop a blockchain-based platform focused on carbon credit trading, leveraging the FYNN AI Platform to create a transparent ecosystem connecting buyers and sellers in the carbon credit market. A Beta launch of this platform is anticipated in Q3 2025.
To ensure balanced governance, both companies will enjoy equal representation on the board of Carbon Capital Solutions. All intellectual property resulting from this collaboration will be jointly owned by the venture.
