SMC Entertainment (OTC PINK:SMCE), a Fintech incubator company, has announced a Letter of Intent (LOI) with Circle Energy Sweden AB, a Nasdaq First North-listed company, to develop a blockchain-based carbon credit platform. The platform will utilize SMC's Fyntechnical FYNN AI Platform on the Solana network to facilitate global carbon credit trading, both mandatory and voluntary. The FYNN AI system will provide a white-label solution to identify, manage, and trade carbon credits while ensuring transparency. The LOI is expected to be finalized into a full agreement by June 20, 2025. This partnership aims to establish Circle Energy's new Carbon Capital Solutions Division, leveraging AI technology to connect buyers and sellers in the global carbon credit market.
SMC Entertainment (OTC PINK:SMCE), una societ脿 incubatrice fintech, ha annunciato una Lettera di Intenti (LOI) con Circle Energy Sweden AB, un'azienda quotata su Nasdaq First North, per sviluppare una piattaforma di crediti di carbonio basata su blockchain. La piattaforma utilizzer脿 la FYNN AI Platform di SMC, basata sulla rete Solana, per facilitare il commercio globale di crediti di carbonio, sia obbligatori che volontari. Il sistema FYNN AI offrir脿 una soluzione white-label per identificare, gestire e scambiare crediti di carbonio garantendo trasparenza. Si prevede che la LOI sar脿 trasformata in un accordo definitivo entro il 20 giugno 2025. Questa collaborazione mira a creare la nuova divisione Carbon Capital Solutions di Circle Energy, sfruttando la tecnologia AI per collegare acquirenti e venditori nel mercato globale dei crediti di carbonio.
SMC Entertainment (OTC PINK:SMCE), una empresa incubadora fintech, ha anunciado una Carta de Intenci贸n (LOI) con Circle Energy Sweden AB, una compa帽铆a cotizada en Nasdaq First North, para desarrollar una plataforma de cr茅ditos de carbono basada en blockchain. La plataforma utilizar谩 la FYNN AI Platform de SMC en la red Solana para facilitar el comercio global de cr茅ditos de carbono, tanto obligatorios como voluntarios. El sistema FYNN AI proporcionar谩 una soluci贸n de marca blanca para identificar, gestionar y comerciar cr茅ditos de carbono garantizando transparencia. Se espera que la LOI se convierta en un acuerdo completo antes del 20 de junio de 2025. Esta asociaci贸n tiene como objetivo establecer la nueva divisi贸n Carbon Capital Solutions de Circle Energy, aprovechando la tecnolog铆a AI para conectar compradores y vendedores en el mercado global de cr茅ditos de carbono.
SMC Entertainment (OTC PINK:SMCE), une soci茅t茅 incubatrice fintech, a annonc茅 une lettre d'intention (LOI) avec Circle Energy Sweden AB, une entreprise cot茅e sur Nasdaq First North, pour d茅velopper une plateforme de cr茅dits carbone bas茅e sur la blockchain. La plateforme utilisera la FYNN AI Platform de SMC sur le r茅seau Solana pour faciliter le commerce mondial des cr茅dits carbone, obligatoires et volontaires. Le syst猫me FYNN AI offrira une solution en marque blanche permettant d'identifier, g茅rer et 茅changer les cr茅dits carbone tout en assurant la transparence. La LOI devrait 锚tre finalis茅e en un accord complet d'ici le 20 juin 2025. Ce partenariat vise 脿 cr茅er la nouvelle division Carbon Capital Solutions de Circle Energy, exploitant la technologie IA pour connecter acheteurs et vendeurs sur le march茅 mondial des cr茅dits carbone.
SMC Entertainment (OTC PINK:SMCE), ein Fintech-Inkubatorunternehmen, hat eine Absichtserkl盲rung (LOI) mit Circle Energy Sweden AB, einem an der Nasdaq First North gelisteten Unternehmen, zur Entwicklung einer blockchain-basierten Plattform f眉r CO2-Zertifikate bekanntgegeben. Die Plattform wird die FYNN AI Plattform von SMC auf dem Solana-Netzwerk nutzen, um den globalen Handel mit verpflichtenden und freiwilligen CO2-Zertifikaten zu erleichtern. Das FYNN AI System bietet eine White-Label-L枚sung zur Identifikation, Verwaltung und zum Handel von CO2-Zertifikaten unter Wahrung der Transparenz. Die LOI soll bis zum 20. Juni 2025 in eine vollst盲ndige Vereinbarung 眉berf眉hrt werden. Die Partnerschaft zielt darauf ab, die neue Carbon Capital Solutions Division von Circle Energy aufzubauen, die KI-Technologie nutzt, um K盲ufer und Verk盲ufer auf dem globalen CO2-Zertifikatemarkt zu vernetzen.
Positive
Partnership with a Nasdaq First North-listed company expands SMC's market presence
Development of new revenue stream through carbon credit trading platform
Utilization of Solana blockchain technology ensures transparency and efficiency
White-label solution offers potential for scalability and additional partnerships
Negative
Currently only at LOI stage, final agreement not yet secured
Implementation timeline and revenue potential not specified
Competition in carbon credit trading platforms could affect market share
BOCA RATON, FL / / June 9, 2025 / SMC Entertainment, Inc. ("SMC") (OTC PINK:SMCE), a Fintech incubator company focused on acquisition and support of commercialized financial technology (Fintech) companies, is pleased to announce that Circle Energy Sweden AB, ("Circle Energy") a Swedish listed company on First North Nasdaq Sweden has entered into a letter of intent ("LOI") to engage SMC for the build out and deployment of SMC's Fyntechnical FYNN AI Platform ("FYNN AI") to complete Circle Energy's newly created Carbon Capital Solutions Division . This division will initially focus on carbon credit production, sales, and purchase. This will enable Circle Energy to identify buyers and sellers of carbon credits both mandatory and voluntary on a global basis and determine the quality and quantity of their requirements enabling management and identification of carbon credits globally. By engaging with FYNN AI, Circle Energy is looking to utilize the Solana network across all verticals of carbon credit trading to provide a fully transparent platform in carbon credits.
FYNN AI will canvass, identify, and initialize through AI the sellers and buyers in the carbon credit market and provide a white label service for Circle Energy
A full agreement is scheduled to be completed by 20 June 2025.
"SMC Fyntechnical AI platform will enable Circle Energy to develop a new business area as a new part of Circle Energy's operations that can generate significant added value through organic growth using the resources already within the Company and we look forward to working closely with their team to put in place the finished product as soon as possible." Marttin Boulton CEO Circle Energy Sweden AB
"We will look to move quickly from an LOI to a definitive agreement." Stated SMC CEO, Erik Blum "Our FYNN AI based platform is perfect for building a white label solution for Circle Energy. This will enable Circle Energy to identify, isolate, and trade carbon credits. We look forward to helping Circle Energy implement and grow the platform together."
About SMC Entertainment, Inc.
SMC is a versatile holding company focused on acquisition and support of proven commercialized financial services and technology (Fintech) companies. SMC's multi-discipline growth by acquisition approach is to enhance revenues and shareholder equity. For more information on SMC, visit or .
Press Release Contact:
Erik Blum Chief Executive Officer SMC Entertainment, Inc.
Ron Hughes Chief Operations Officer SMC Entertainment, Inc. [email protected] 360-820-5973
Safe Harbor Statement
Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets, and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, regarding the accuracy, completeness, or updated status of such forward-looking statements or information provided by the third party. Therefore, in no case whatsoever will the Company and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages.
SOURCE: SMC Entertainment, Inc.
View the original on ACCESS Newswire
FAQ
What is the purpose of SMC Entertainment's partnership with Circle Energy Sweden AB?
SMC will build and deploy its FYNN AI Platform to power Circle Energy's new Carbon Capital Solutions Division, enabling global carbon credit trading and management on the Solana blockchain.
When will the final agreement between SMCE and Circle Energy be completed?
The full agreement is scheduled to be completed by June 20, 2025.
How will SMCE's FYNN AI platform benefit Circle Energy's carbon credit trading?
FYNN AI will identify buyers and sellers, determine credit quality and quantity requirements, and provide a transparent blockchain-based trading platform on the Solana network.
What type of carbon credits will be traded on SMCE's platform?
The platform will handle both mandatory and voluntary carbon credits on a global basis.
What is the significance of using Solana blockchain for SMCE's carbon credit platform?
Solana blockchain integration will provide full transparency across all verticals of carbon credit trading, ensuring secure and verifiable transactions.
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