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StoneX Taps AirCarbon Pte. Ltd To Form US Digital Carbon Marketplace

Author: Benzinga Newsdesk | March 22, 2023 03:24am

StoneX Group Inc. ("StoneX") and AirCarbon Pte. Ltd. ("ACX") have signed an agreement to create a digital carbon marketplace in the United States as part of the StoneX platform. The new digital carbon marketplace will enable StoneX clients to access markets and trade carbon over a transparent and seamless solution.

StoneX will create and operate the digital carbon marketplace utilizing ACX's existing technology infrastructure, which includes order matching and clearing and settlement of carbon trades. StoneX will work with ACX to develop the specifications for the carbon contracts to be traded in the new digital carbon marketplace. This offering will target project developers, sellers, end-buyers, and other traders of carbon credits.

Posted In: SNEX

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