Fedrok AG and Greentsika Launches Token-backed Recycling Project

The Switzerland-based blockchain company Fedrok AG has partnered with Malagasy social enterprise Greentsika to launch a token-based incentive for a plastic and organic recycling project in Madagascar. 

The two organizations signed a Memorandum of Understanding (MoU) in June 2025 to explore how blockchain infrastructure can support plastic waste collection with blockchain-based rewards. 

Under the partnership, Greentsika will coordinate local operations, collecting plastic and organic waste through its “Cash for Trash” initiative. Fedrok AG will provide the blockchain infrastructure to support the program, which may include a project-specific token issued on its Layer 1 blockchain. While the system can connect to Fedrok’s mainnet for Proof-of-Green validation, deployments like this are designed to be flexible and tailored to local needs. 

Dr. Philip Blazdell, CEO of Fedrok AG, noted that the agreement with Greentsika represents more than a technical collaboration. According to Blazdell, “It’s a shared mission to unlock the economic value of waste for the benefit of people and the planet,” he said in a statement. 

The tokens distributed to participants will be project-specific digital rewards, with the potential to be bridged to Fedrok’s native FDK Coin for on-chain environmental validation. These tokens aim to create a transparent audit trail of local recycling contributions and environmental outcomes. The initiative is also being explored as a model that could, in the future, align with international carbon or plastic credit verification frameworks, creating traceable environmental assets backed by real-world activity.

According to Gaetan Rajaofera, co-founder of Greentsika, partnering with Fedrok creates a bridge between local climate action and global financial systems. “It brings transparency to our impact and opens new pathways for community empowerment through decentralized technologies,” he said.

This initiative aims to create a closed-loop model where local residents are financially incentivized to recycle, with every transaction recorded and certified using blockchain tools. Fedrok’s infrastructure will support transparent tracking of waste collection and impact reporting, enabling the potential for third-party verification and linkage to global environmental standards.

Besides Madagascar, Fedrok is also working with Howarig Traders Papua New Guinea to deploy T4G Pay, a mobile payments platform backed by a green token linked to the country’s carbon reserves. In May 2025, the company launched a $20,000 grant for African developers to create microtransaction tools for low-bandwidth users in Chad and Niger. In India, Fedrok partnered with TechXEarthSpace to tokenize carbon credits from underground CO₂ storage facilities.