Climate Impact X (CIX), a pioneering global marketplace and exchange for quality carbon credits, has successfully secured an additional S$30 million (US$22.3 million) in funding, according to regulatory filings accessed by DealStreetAsia.
This significant funding round was led by Mizuho with a contribution of S$20 million, and saw participation from existing investors including Standard Chartered Bank, DBS Bank, and the Singapore Exchange (SGX), according to a report from FinTech News.
At the heart of CIX’s operations is its mission to promote market confidence in carbon credits. Established in 2021 by a coalition comprising DBS Bank, SGX, Standard Chartered, and Temasek’s GenZero, CIX has rapidly positioned itself as a leader in the carbon credit market.
Through its comprehensive portfolio of services such as the CIX Marketplace, CIX Auctions, CIX Exchange, CIX Intelligence, and CIX Clear, CIX is dedicated to stimulating transactions, price discovery, and liquidity for carbon credits.
CIX has made significant strides since its inception, notably surpassing the trading and clearance of over 1 million tonnes of carbon credits through its exchange, which specialises in standardised spot contracts and specific carbon projects. To date, CIX has facilitated transactions exceeding 2 million tonnes of carbon credits across its platforms.
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