Upon submission of a tokenization request, Flowcarbon verifies the information with the registering body stated. Once the ownership of the account, project type and credit quantity is confirmed, the credits are transferred to a bankruptcy remote special purpose vehicle (SPV). This SPV is managed by a professional third party, with regular audits, ensuring the one-to-one ratio. It is important here to note that credits are not retired when deposited into the bankruptcy remote SPV. The credits in the vehicle are live, “unretired,” and therefore retain full off-chain value, allowing for the creation of a "two-way bridge" that can redeem tokens for the underlying off-chain credit.