It was founded last year by NAB, CIBC, Itaú Unibanco and NatWest, and this year they were joined by another three banks, BNP Paribas, Stanchart and UBS.
Carbon credits allow businesses to monetize their climate mitigation actions and allow consumers to invest in projects which prioritize sustainable practices.
CIX’s high-quality marketplace of credits will allow customers to choose between a selection of verified carbon credits that they can trust.
While SGX is involved in CIX, in Europe the Deutsche Börse has just made a significant investment in another blockchain carbon trading marketplace, AirCarbonExchange.