Climate Impact X to Merge with Carbonplace for Enhanced Carbon Market Infrastructure
Climate Impact X (CIX) and Carbonplace plan to merge, pending approval from the Monetary Authority of Singapore, to enhance carbon market infrastructure. This merger aims to streamline carbon credit transactions and support compliance-driven demand as carbon markets evolve globally.
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Climate Impact X (CIX) and Carbonplace have announced their intent to merge, pending regulatory approval from the Monetary Authority of Singapore, due to the involvement of financial institutions as shareholders. The merger aims to enhance carbon market infrastructure, connecting trading, custody, and settlement across Singapore and London.
CIX CEO Oi-Yee Choo will lead the combined entity, with Carbonplace CEO Scott Eaton serving as President. The merger is expected to complete in the first quarter of 2027. This integration responds to rising demand for seamless transaction processes and the need for robust infrastructure amid the growing significance of compliance frameworks under Article 6 of the Paris Agreement.
The combined shareholder group will include major banks such as BBVA, BNP Paribas, and UBS. Establishing a unified platform could facilitate larger cross-border capital flows in carbon markets.
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