Production Credits — every IRA tax credit, tokenized
A unified token standard across the full IRA suite. Producers tokenize their credits as they're earned; buyers acquire them via §6418 transferability; tax-exempt entities monetize via §6417 direct pay. Settlement in MXD.
The trade
The IRA created roughly $370B in production and investment tax credits across clean hydrogen, clean electricity, clean fuels, advanced manufacturing, carbon sequestration, and existing nuclear. §6418 made those credits transferable in cash for the first time. §6417 lets tax-exempt entities elect direct pay.
XCT is a unified ERC-20 standard that tokenizes the credits as they're earned, certifies them via the BV Price Feeder and Asset Validator, and makes them tradable in a regulated marketplace settled in MXD.
OTC Desk
liveBilateral, wire-settled (or stablecoin at buyer's election). No tokenization required. Every IRA credit transaction we've closed to date has happened this way — the proven path.
About the OTC DeskOn-chain marketplace
testnetCredit tokenized as XCT at production. Marketplace bid book; atomic swap for MXD; transfer election booked on-chain. Continuous price discovery, faster settlement.
About §6418 transferabilityPer-credit coverage
- §45V Clean Hydrogen —
TESTNET - §45Y Clean Electricity PTC —
TESTNET - §45Z Clean Fuels / SAF —
TESTNET - §45X Advanced Manufacturing —
TESTNET - §45Q Carbon Sequestration —
PLANNED - §45U Existing Nuclear —
PLANNED - §48E Clean Electricity ITC —
PLANNED - §48C Advanced Energy Project ITC —
PLANNED - §6418 Transferability Rail —
LIVE - §6417 Direct Pay Rail —
LIVE
Mechanics
- Mint: production verified via SCADA / GREET / ISO meter feeds through BV Price Feeder; on verification, XCT minted at the appropriate credit code-section rate
- Trade: ERC-20 transfers gated by AccreditedRegistry (Reg D 506(c))
- Redeem: holder transfers per §6418 election or receives direct pay per §6417 election
- Audit trail: every mint backed by a hashed attestation chain to the underlying production event
More from BV Energy
§45Q — Carbon Sequestration
PlannedTokenized §45Q Carbon Oxide Sequestration Credit. $85/ton for industrial CCS, $180/ton for Direct Air Capture, with subsurface storage verification.
§45U — Existing Nuclear
PlannedTokenized §45U Zero-Emission Nuclear Power Production Credit. Up to $0.015/kWh for existing nuclear, scaled inversely with gross receipts to act as a price floor.
§45V — Clean Hydrogen
TestnetTokenized §45V Clean Hydrogen Production Tax Credit. Up to $3/kg for qualifying lifecycle-carbon-verified hydrogen, with on-chain hourly EAC matching.