ashishpatel We have been working with Verra to obtain their approval since before those posts were made.
We are trying to build an ecosystem that can harmoniously exist with the existing entities in the carbon space, while building an open, transparent, market with deep liquidity. We think that some of the existing players with VERRA accounts, are going to be very happy to buy tokens on-chain, but will for a variety of reasons want to take them back off (for example they aren't comfortable with holding custody of their asset on-chain for long periods of time). We also think that being able to take things back off will give people comfort when bringing them on-chain, just as most USDC that comes on-chain never goes back off, the knowledge that it can provides comfort, especially to new entrants into the space.