CIX and Carbonplace to merge, uniting carbon exchange and settlement infrastructure
What's the deal? Singapore-based Climate Impact X (CIX) and London-based Carbonplace have announced an intent to merge, creating a unified global infrastructure for carbon portfolio management and trading. The combined entity will be led by Oi-Yee Choo as chief executive officer, with Scott Eaton as president. The deal remains subject to regulatory approvals.
What do they do? CIX is a carbon credit exchange offering price discovery and benchmarks, established as a joint venture of DBS BankDealroom has a profile for this one. Try Dealroom →, SGX GroupDealroom has a profile for this one. Try Dealroom →, Standard CharteredDealroom has a profile for this one. Try Dealroom →, and Temasek's GenZeroDealroom has a profile for this one. Try Dealroom →. Carbonplace is a trading and portfolio platform providing multi-registry, bank-grade settlement, founded by a consortium of banks including BBVADealroom has a profile for this one. Try Dealroom →, BNP Paribas, CIBCDealroom has a profile for this one. Try Dealroom →, NatWest GroupDealroom has a profile for this one. Try Dealroom →, and UBSDealroom has a profile for this one. Try Dealroom →.
What's the endgame? The merger pairs CIX's exchange with Carbonplace's settlement systems to give institutional investors a single, auditable route to buy, trade, and retire carbon credits. The two firms first tested this end-to-end lifecycle in 2022 through pilot transactions traded on CIX and settled via Carbonplace.
Why now? Both companies aim to fix the fragmentation slowing voluntary and compliance carbon markets. "Scaling access and liquidity to meet the growing needs of global carbon markets requires robust, trusted infrastructure," Choo said, citing frameworks such as CORSIA and Article 6 pulling those markets together.
Who's backing it? The transaction is supported by a shareholder group of global financial institutions, including BBVA, BNP Paribas, CIBC, DBS Bank, GenZero, Mizuho Financial GroupDealroom has a profile for this one. Try Dealroom →, National Australia BankDealroom has a profile for this one. Try Dealroom →, NatWest Group, SGX Group, Standard Chartered, Sumitomo Mitsui Banking CorporationDealroom has a profile for this one. Try Dealroom →, and UBS.
What's next? Both entities will keep operating under their existing brands during integration, which is expected to conclude in the first quarter of 2027.
The signal: The merger reflects a broader push to bring institutional-grade settlement and transparency to environmental markets, borrowing architecture from traditional finance. As sovereign demand and compliance schemes grow, backers are betting that trusted infrastructure is the key to moving capital toward climate projects at scale.
Read more: tradetecheye.com
Image credit: Generated with Gemini
