Carbonplace and Climate Impact X (CIX) are collaborating to create a pilot for a seamless blockchain-based platform for voluntary carbon credit trading.
The organizations will help customers buy, trade, and settle carbon credits in a market that is expected to attract a hundredfold increase in global demand before 2050.
The markets and trading for carbon credits, which allow businesses to monetize climate mitigation efforts and let consumers invest in projects prioritizing sustainable practices, are still considered complex and inaccessible.
This is due to the vast number of trading options and lack of verification of some credits.
CIX allows customers to choose among a selection of verified carbon credits while Carbonplace’s novel settlement technology, wide client base, and high regulatory standards will comprise the settlement platform.
Mikkel Larsen, CEO of CIX, noted that the two firms’ collaboration through Project Marketplace creates easy access to curated, quality credits and a settlement system underpinned by transparency and integrity
Major institutions back both projects. CIX was founded by DBS Bank, the Singapore Exchange (SGX), Standard Chartered, and Temasek to create a marketplace of projects where corporates can buy carbon credits.
Meanwhile, Carbonplace was founded last year by NAB, CIBC, Itaú Unibanco, and NatWest, and this year they were joined by another three banks, BNP Paribas, Stanchart, and UBS. It expects to go into production towards the end of this year.


Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target
Tencent Shares Slide After WeChat Restricts YuanBao AI Promotional Links
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
Rise of the Zombie Bugs takes readers on a jaw-dropping tour of the parasite world
How ongoing deforestation is rooted in colonialism and its management practices 



