Two instruments. One protocol of record.
The LMCX Market Token (LMCX MT) and the LMCX Carbon Avoidance Token (CAT) are distinct instruments. The CAT is the digital environmental commodity unit issued under the LMCX CAT protocol described throughout this site.
- LMCX CAT
- Carbon Avoidance Token. Digital environmental commodity unit corresponding to one verified tCO₂e (GWP28) of methane avoidance. Mint EVBdz8JxLwko2eqG77Ep6CW9JmnmqnBCsVjT8Ks7kCWy. Subject of the v2.6.1 Institutional White Paper.
- LMCX MT
- Market Token. Distinct instrument at mint 5Lgnrfu5ZGvOXcgD3uxxqElagW6r94pfPz8jvVgF6PqT. References to LMCX MT trading on external venues do not constitute representations about the CAT.
The CAT is classified as a digital environmental commodity unit across the U.S. (SEC / CFTC; consistent with SEC/CFTC Joint Release No. 2026-30), EU (MiCA Title II “other crypto-asset”; not an asset-referenced token, not an e-money token, not a financial instrument under MiFID II), and UAE (VARA / ADGM FSRA non-financial Virtual Asset) frameworks. No regulator has ruled. The LMCX MT is a non-financial access and transfer instrument over the CAT, with its own distinct multi-jurisdictional classification analysis (LMCX MT White Paper §06).
CAT primary issuance is bilateral OTC to qualified institutional counterparties through the LMCX structuring desk. There is no first-acquisition checkout on this site. Pricing displayed anywhere on this site is indicative only and does not constitute a commitment, guarantee, or solicitation. This site does not display or warrant venue pricing.
The LMCX CAT protocol is the foundational protocol of record. Holders hold a digital environmental commodity unit — not equity, debt, partnership, or beneficial interest in any project entity, and not a pro-rata claim on collateral, insurance proceeds, or covenant remedies.