In this episode, Troy Carter sits down with Anthony Stevens, who leads innovation across digital assets and financial markets at Northern Trust, to talk about the less-visible work that determines whether carbon markets can really grow up: the systems that make credits trackable, transferable, and trustworthy at institutional scale.

Anthony brings a capital-markets perspective to a practical question: what has to be true for large financial institutions to participate with confidence?

They explore:

• What “trust” looks like in practice: custody, controls, auditability, and clean data

• Where today’s carbon markets still create friction and risk

• How registries, standards, and market participants can better align

• What digital rails and tokenization can help with (and what they can’t)

• What it would take for carbon markets to become stable enough for long-term capital

If you’re following the evolution of carbon markets, this one gets into the details that shape everything downstream.

🔗 Anthony Stevens: https://linkedin.com/in/anthony-stevens-933147/?skipRedirect=true
🌐 Northern Trust: https://www.northerntrust.com

🎙️ Watch on YouTube: https://youtu.be/_NxN6lxB9A8