Tokenised mangrove credits and a global registry are moving from concept to pilot – but Veolia warns the hard part is still what happens on the ground

CP Group has launched its Reforest Tokenisation initiative, with the Mae Fah Luang Foundation under Royal Patronage serving as the first partner in a pilot covering more than 10,000 rai in Chiang Mai, Chiang Rai and Tak. The initiative aims to connect carbon credits, blockchain and community forest income as part of Thailand’s wider natural capital economy.