Large banks invest USD 45 million in a network for trading carbon credits

Date:

Share post:

In advance of its anticipated launch later this year, a group of nine banks have invested USD 45 million in Carbonplace, the global DLT-based carbon credit transaction network they founded.

The venture is now equally owned by BBVA, BNP Paribas, CIBC, Ita Unibanco, National Australia Bank, NatWest, Standard Chartered, SMBC, and UBS. Additionally, Scott Eaton, a veteran of the FinTech industry and a former CEO of Nivaura and MarketAxess, has been appointed as Carbonplace’s first CEO.

The London-based Carbonplace, dubbed the Swift of the carbon markets, said that it aims to make it easy, transparent, and secure to transfer certified carbon credits.

Read More: Big banks invest $45m in carbon credit transaction network 

TalkFintech Bureau
TalkFintech Bureauhttps://talkfintech.com
TalkFintech is focused on the latest financial sector technologies and tools- covering all tech used by banks, investors, insurance, and wealth management sectors- and also conversations on retail financial management tools.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Related articles

Hyve Launches Multiplayer Money Platform – Earn and Save Faster with Others

Hyve announces its mobile app is now available on iOS and Android. Hyve aims to pave a simplified...

JustPaid Offers State-Of-The-Art Revenue Management Functionality

JustPaid announces the launch of its fully automated revenue management functionality within the platform. The new feature in the...

Fraud Detection Best Practices in Fintech

Fraud poses a significant threat to financial technology companies. To stay safe, firms need to be vigilant. Firms...

SMArtX Advisory Solutions Enhances New SMArtY Platform with Two More Asset Management Firms

SMArtX Advisory Solutions, a leading innovator in managed accounts technology, today announced Fidelity Investments and Invesco will make...