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Xpansiv® Launches Xpansiv Connect™ Open-Access Infrastructure to Scale the Global Energy Transition

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  • Opens integration with market-leading multi-registry environmental asset management and automated settlement systems

  • Collaborations to leverage platform capabilities are underway with Trafigura, MSCI Carbon Markets, GoNetZero™, and Patch

Xpansiv®, the leading market infrastructure provider for the global energy transition, today launched Xpansiv Connect™ to provide open access to the company’s market-leading trading, post-trade settlement, meta-registry, and portfolio management platforms to all stakeholders, including end users, brokers, banks, exchanges, and other service and platform providers.

Xpansiv Connect enables seamless access to the company’s robust automated settlement and portfolio management systems, which are fully integrated with 13 leading global registries and process over one billion asset transfers annually. Xpansiv Connect also supports five marketplaces and a worldwide network of hundreds of direct market participants.

“We believe opening access to our proven, institutional-grade technology infrastructure will best support the ecosystem of interoperable technology and market solutions needed to achieve a timely and equitable global energy transition.” said John Melby, Chief Executive Officer. “We are excited by the significant uptake of Xpansiv Connect by market-leading firms and look forward to enabling all stakeholders in these critical markets.”

The company is working with leading market participants from Asia, Africa, Europe, the Middle East, and the Americas to build or enhance existing and new solutions and services using the platform. These participants include Trafigura, MSCI Carbon Markets, GoNetZero™, and Patch. 

Hannah Hauman, Global Head of Carbon Trading, Trafigura said:

“Trafigura welcomes the ongoing development of efficient market infrastructure and robust data platforms to scale the environmental commodities markets. Our collaboration with key enablers such as data providers and marketplaces is central to building transparency and liquidity and we look forward to working with Xpansiv to deliver these much-needed solutions to support these developing markets.”

Guy Turner, Head of MSCI Carbon Markets said:

“The carbon credit market is an essential component of any climate transition plan. We are proud that through this new open market platform our carbon market data and analytics will add value to even more investors as they look for ways to make their climate action plans a reality.”

Soon Sze Meng, CEO, GoNetZero™ said:

“This partnership aligns well with GoNetZero™’s aim to accelerate the world’s shift towards net-zero emissions. As a global decarbonization solution provider, we help clients achieve their net-zero goals through the provision of verified environmental attributes and our digital platform solutions. Through Xpansiv Connect’s robust infrastructure, we endeavor to enhance our offerings by providing our clients with real-time and seamless access to essential services and markets. We are excited to work alongside Xpansiv to drive meaningful change towards to a net-zero future.”

Brennan Spellacy, Patch Co-founder & CEO said:

“Accessibility is vital to scaling any market. As the first platform to integrate Xpansiv Connect for use in the voluntary carbon market, Patch is able to offer carbon credit buyers and sellers an even more efficient and transparent means to supporting climate solutions at gigatonne scale.”

Other partners exploring ways to leverage Xpansiv Connect include the Mercantile Exchange of Vietnam, as well as insurers Oka and Kita. Xpansiv Connect is also supported by existing Xpansiv partners including BeZero CarbonSylvera, and the Commonwealth Bank of Australia.

The launch marks the first time Xpansiv’s automated settlement and multi-asset, multi-registry portfolio management system—over which more than one billion asset transfers are made annually—is open to external trading platforms and exchanges, beyond current partners CME Group, Johannesburg Stock Exchange Ventures, and the International Air Transport Association (IATA).

The carbon marketplace being developed by the Regional Voluntary Carbon Market Company (RVCMC) in the Kingdom of Saudi Arabia will be a full-scale Xpansiv Connect implementation. Using Xpansiv Connect, the carbon marketplace of RVCMC is projected to be operational by the final quarter of 2024. The implementation will enable RVCMC to integrate its independent exchange matching engine with post-trade settlement and portfolio management system capabilities via Xpansiv Connect.

Riham ElGizy, CEO of RVCMC, said:

“By leveraging Xpansiv Connect’s technical infrastructure, we aim to deliver essential elements of Saudi Arabia’s first carbon exchange and ensure that Riyadh continues to build its standing as a global financial center. RVCMC exchange aims to help to scale up global supply and demand, channeling much needed climate finance across the Global South in the future.”

Xpansiv Connect’s automated settlement system is integrated with 13 renewable energy and carbon registries, including ACR, Climate Action Reserve (CAR), EcoRegistry, Evident, Puro.earth, and Verra.

The system was upgraded this year with a switch to Bank of America, enabling a more efficient settlement process for all U.S. dollar-denominated carbon and renewable energy credit transactions.

About Xpansiv

Xpansiv operates the market infrastructure to rapidly scale the world’s energy transition. The company runs the largest spot exchange for environmental commodities, including carbon credits and renewable energy certificates. It is the premier provider of registry infrastructure for energy, power, and environmental markets. It also operates the largest independent platform for managing and selling solar renewable energy credits in North America.

Xpansiv is a leading provider of transaction and advisory services in global carbon, renewable energy, and energy transition markets through its Carbon Financial Services and Evolution Markets units. It also runs the leading multi-registry, multi-asset environmental portfolio management system and market data service.

Xpansiv’s rules-based markets and infrastructure enable stakeholders to deliver transparent, credible, and auditable environmental claims to address the growing global demand for assurance and accountability on climate action and sustainability performance.

Xpansiv investors include Blackstone Group, Bank of America, Goldman Sachs, Macquarie Group Ltd., S&P Global Ventures, Aware Super, BP Ventures, Commonwealth Bank, and the Australian Clean Energy Finance Corporation.

For more information, please visit Xpansiv.com.

 

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