On Wednesday, Broadridge Financial Solutions announced a partnership with the Crypto Carbon Ratings Institute (CCRI) to enhance its ClearFi platform with crypto sustainability data.
Broadridge Expands ClearFi Platform Through Collaboration with CCRI
The collaboration aims to support financial firms in complying with the European Union’s (EU) Markets in Crypto-Assets (MiCA) regulations, set to take effect on 30 December 2024.
The platform is expected to deliver integrated communications, data, and disclosure generation.
The integration of CCRI’s sustainability metrics into Broadridge’s ClearFi platform is seen as a way of providing exchanges, brokers, and asset managers with the tools needed to generate whitepapers and disclose sustainability data, as required under MiCA.
The framework says Crypto-Asset Service Providers (CASPs) must present customers with environmental metrics and file regulatory documentation for digital assets listed on their platforms.
“As global regulators define new rules and standards to mature the Digital asset and Crypto Industry the ClearFi solution continues to expand to assist clients compliance needs,” stated Rob Krugman, Chief Digital Officer at Broadridge. “Working with CCRI, we are helping the financial services industry meet critical regulatory requirement and drive more informed investment decisions for all market participants.”
The partnership also anticipates future regulatory shifts.
Christian Stoll, CEO of CCRI, said the collaboration equips companies to manage not only EU compliance but also upcoming sustainability reporting requirements.
Broadridge added that the partnership will extend to asset managers and corporations that will need to comply with upcoming changes to accounting rules. The rules require the consideration of GHG emissions related to digital assets that asset managers or corporations hold or trade.
