Company Information

Get to know The Plastic Bank

Founded by David Katz, The Plastic Bank is a for-profit social enterprise that aims to stop ocean plastic by monetizing plastic waste. The company establishes ethical collection branches in coastal communities, primarily in developing countries, where local residents can exchange collected plastic for money, goods, or digital tokens. This collected material, branded as Social Plastic®, is then recycled and sold to corporations for use in their products or packaging. The model provides a stable, above-market rate for plastic waste, creating a reliable income stream for collectors while providing businesses with a transparent and socially responsible source of recycled material, often tracked through a proprietary blockchain-secured platform.

Industry

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Financial Banking

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The Plastic Bank

Canada

Founded in

01 Mar 2013 (13 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.