DealStreetAsia has obtained regulatory paperwork indicating that Climate Impact X (CIX), a forward-thinking international marketplace and exchange for premium carbon credits, has effectively obtained an extra S$30 million (US$22.3 million) in funding.
As reported by FinTech News, Standard Chartered Bank, DBS Bank, and the Singapore Exchange (SGX) were among the existing investors who participated in this major investment round, which was spearheaded by Mizuho with a S$20 million contribution.
Fostering market trust in carbon credits is the core purpose of CIX's activities. CIX, which was founded in 2021 by a consortium that included Temasek's GenZero, DBS Bank, SGX, and Standard Chartered, has quickly established itself as a market leader in carbon credits.
In order to promote trades, price discovery, and liquidity for carbon credits, CIX offers a wide range of services, including the CIX Marketplace, CIX Auctions, CIX Exchange, CIX Intelligence, and CIX Clear.
Since its founding, CIX has come a long way. Most significantly, it has cleared and traded more than one million tonnes of carbon credits through its exchange, which specializes in standardised spot contracts and particular carbon projects. Over two million tonnes of carbon credits have been transacted on CIX's platforms to far.
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