The report, based on extensive consultation within the Working Group on Digital Assets for Climate Impact and across the market, highlights four areas where the use of blockchain could enable a step-change from current market practices, including for project pre-financing, information management and innovations in carbon credit transactions. It also identifies five essential safeguards to avoid environmental, reputational and other risks, while emphasizing the need for ongoing research and open collaboration to fully realize the full potential of digital assets in the evolving carbon market.