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Japan GX Group (JGX) has completed funding through a J-KISS type new share subscription rights application from Electric Power Development Co., Ltd. (J-POWER) for the Japan Carbon Credit Exchange (JCX).

The funding amount is undisclosed. JGX and J-POWER will collaborate on a system that uses fractionalized carbon credits to promote eco-friendly actions. JGX aims to enhance its IT/DX consulting business to support corporate decarbonization management. The JCX will facilitate real-time trading with improved transparency and liquidity, and the JCX Mobile app will enable users to trade carbon credits effectively.