AirCarbon Exchange (ACX), a blockchain-based voluntary carbon exchange, has announced it has received a “substantial investment” from Deutsche Börse (DB1).
It has also announced a partnership with DB1 subsidiary, the European Energy Exchange (EEX), which operates the common auction platform for the EU Emissions Trading System (EU ETS).
EEX offers trading in power, natural gas, environmental products, freight and agriculture as well as subsequent clearing and registry services, connecting a network of more than 800 trading participants.
Both companies plan to work together to provide a streamlined solution across the spot and future carbon markets.
William Pazos, Managing Director & Co-Founder of ACX: “We are delighted to be working with DB1 and EEX. Our goal has always been to bring traditional commodities architecture to the carbon markets and this partnership is an integral part of delivering on this strategy.
“DB1’s investment is a validation of our work thus far and more importantly, sets the stage for a truly exciting future.”