Financial services firm StoneX and Singapore-based AirCarbon Exchange have signed an agreement to create a US-based digital carbon marketplace.
Financial services firm StoneX and Singapore-based global carbon exchange AirCarbon Exchange (ACX) have signed an agreement to create a US-based digital carbon marketplace.
Hosted on StoneX’s platform, the marketplace will enable the firm’s clients to assess markets and trade carbon.
“This agreement solidifies StoneX’s ling-term commitment to carbon trading and creating increased transparency in this fast-moving market,” said Oscar Schaps, President of StoneX’s Latin America FCM Division.
“This is a mutually beneficial relationship and we are excited about our continued collaboration with ACX over the longer-term.”
The new digital carbon marketplace will utilise ACX’s existing technology infrastructure, which will allow clients – who will include project developers, carbon credit sellers and traders, and end-buyers – to order match, clear and settle carbon trades.
“We are excited to link our markets in Abu Dhabi, Singapore and Brazil to StoneX, further expanding our reach into North America and the broader StoneX platform of over 54,000 commercial, institutional, and global payments customers,” said William Pazos, Co-CEO and Co-Founder of ACX.
—
Read more articles like this on Regulation Asia’s sister publication, ESG Investor.
Financial services firm StoneX and Singapore-based AirCarbon Exchange have signed an agreement to create a US-based digital carbon marketplace.
Financial services firm StoneX and Singapore-based global carbon exchange AirCarbon Exchange (ACX) have signed an agreement to create a US-based digital carbon marketplace.
Hosted on StoneX’s platform, the marketplace will enable the firm’s clients to assess markets and trade carbon.
“This agreement solidifies StoneX’s ling-term commitment to carbon trading and creating increased transparency in this fast-moving market,” said Oscar Schaps, President of StoneX’s Latin America FCM Division.
“This is a mutually beneficial relationship and we are excited about our continued collaboration with ACX over the longer-term.”
The new digital carbon marketplace will utilise ACX’s existing technology infrastructure, which will allow clients – who will include project developers, carbon credit sellers and traders, and end-buyers – to order match, clear and settle carbon trades.
“We are excited to link our markets in Abu Dhabi, Singapore and Brazil to StoneX, further expanding our reach into North America and the broader StoneX platform of over 54,000 commercial, institutional, and global payments customers,” said William Pazos, Co-CEO and Co-Founder of ACX.
—
Read more articles like this on Regulation Asia’s sister publication, ESG Investor.
postbrexitcompliance.com 