Valkyrie Investments has made a commitment to provide 1% of its revenue to Stripe Climate to help reduce carbon emissions around the world.

The initiative, launched by Stripe, directs 100% of funds towards purchasing carbon removal from early-stage technologies, with the investments supported by a group of external advisers including academics, scientists, and experts.

The funds from Valkyrie Investments, an asset manager focused on the digital asset class, will be used to support the development and deployment of carbon capture technologies.

Valkyrie Investments CEO Leah Wald said: “One of the core principles of Valkyrie is to pair purpose and profit by integrating sustainability into our corporate ethos, governance and investment strategy.

“Carbon capture is an important tool in the fight against climate change and we are proud to contribute to building a better future.”