FEDROK AG, the Zug-based developer of what it calls the first Layer-1 blockchain purpose-built for tokenized carbon credits, has entered into a memorandum of understanding with Greentsika, an environmental social enterprise operating across Madagascar. The two organisations intend to test ways of converting community recycling initiatives—locally known as “cash for trash”—into verifiable, tradeable digital assets that reward both citizens and the wider climate-finance market.
Blockchain to Link Waste and Carbon Markets
Under the non-binding pact, FEDROK’s infrastructure will supply the on-chain rails, while Greentsika will contribute its grass-roots collection network for plastic and organic waste. Company executives said the collaboration is designed to create transparent, traceable incentives that can be scaled across the island and potentially replicated throughout the Global South. FEDROK’s chief executive, Philip Blazdell, characterized the tie-up as a mission to reveal the hidden economic value of discarded material in ways that benefit local communities and the planet simultaneously. Greentsika’s co-founder, Gaetan Rajaofera, added that blockchain connectivity would anchor village-level action to global finance, making every kilogram of waste traceable, auditable and remunerative.
Three-Part Pilot Program
Project plans call for three immediate work streams. First, both teams will design mobile wallets and micro-reward features enabling households or informal collectors to receive real-time digital credits when they hand in sorted waste. Second, the partners will test a token mechanism that links aggregated waste volumes to voluntary carbon markets; each verified batch could generate offset tokens, effectively turning neighborhood rubbish into carbon-reduction certificates. Third, a public impact dashboard will be built to offer funders, regulators and development agencies instant insight into volumes processed, emissions avoided and payouts delivered.
Stakeholders expect the pilot to support Madagascar’s national waste-reduction targets, reinforce the archipelago’s contribution to the UN Sustainable Development Goals and demonstrate how decentralized technology can underpin circular-economy models in emerging markets.
🟢Fedrok and Greentsika are teaming up to turn trash into value using tech that serves the planet.
🟢 Exploring blockchain-powered monetisation for cash-for-trash in Madagascar.
Read more from @TechBullion 👇https://t.co/SUGKsiXK0c#Fedrok #greentsika
— Fedrok Blockchain (@fedrok_chain) June 24, 2025
Profiles of the Partners
Founded in Switzerland, FEDROK operates an ISO 9001- and ISO 14001-certified blockchain network that it positions as an open, low-cost backbone for environmental finance. The firm has filed for VQF membership, an indicator of its compliance ambitions, and has already rolled out live projects in India, Papua New Guinea, Chad and Niger. According to the company, each deployment uses on-chain data to prove social or climate impact while lowering barriers to participation for small communities.
Greentsika, meanwhile, has earned local and international recognition for a model that converts household rubbish into secondary raw material and income. Its flagship “Cash for Trash” initiative offers cash payments or essential goods to citizens who bring in recyclables, addressing both unemployment and the country’s rising waste burden. By teaming up with FEDROK, the enterprise expects to digitise its reward structure, increase operational transparency and attract new impact investors.
Outlook and Next Steps
While the memorandum stops short of a binding commercial contract, both parties have framed it as a springboard toward full-scale deployment once technical and regulatory tests are complete. Should the model prove viable, Madagascar could host one of the first nationwide systems that ties community recycling directly to international carbon offset markets through tokenization. Observers suggest that success would reinforce the credibility of blockchain-based environmental finance and provide a blueprint for other island and developing nations seeking to monetize waste streams efficiently and inclusively.