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
