Air Carbon Exchange (ACX) and StoneX Group Join Hands To Enhance US Carbon Trading Market

03/24/2023 22:52 • Daily Digest • 73 views

It is reported that Air Carbon Exchange (ACX) and StoneX Group have agreed to cooperate on the US carbon trading market, which will become a part of the StoneX platform. ACX provides voluntary carbon credits and various blockchain based token based carbon asset transactions. Its supporters include Mubadala and Deutsche Bank.

StoneX cooperates with ACX based on DLT for carbon trading

Carbon trading has become an essential aspect of the fight against climate change. Numerous companies and organizations worldwide are seeking ways to reduce their carbon footprint by cutting down on the emission of pollutants. Carbon trading allows these companies to reduce their carbon footprint by exchanging carbon credits with other firms. This incentivizes companies to adopt less carbon-heavy practices and fosters a reduction in pollution.
It is reported that Air Carbon Exchange (ACX) and StoneX Group have come together to enhance the US carbon trading market. The collaboration is expected to improve the carbon trading platform, specifically in terms of providing voluntary carbon credits and various blockchain-based token-based carbon asset transactions. ACX is a platform that provides carbon credits while StoneX is the world’s second-largest platform that trades agricultural and energy commodities.

Understanding Air Carbon Exchange

Air Carbon Exchange (ACX) is a platform that provides voluntary carbon credits to individuals and organizations committed to reducing their carbon footprint. The platform combines user-friendly trading tools, blockchain technology, and industry expertise to ensure optimal performance. Carbon credits can be traded or sold at market prices, creating an incentive for individuals and organizations to adopt eco-friendly practices.

StoneX Group: An Overview

StoneX Group is a world-renowned platform that trades agricultural and energy commodities, currencies, and interest rates globally. The platform serves more than 30,000 commercial and institutional clients worldwide. The Group has deep market knowledge, superior technology, and a lead position in wealth management.

ACX and StoneX Collaboration

The partnership between ACX and StoneX Group seeks to enhance the US carbon trading market. StoneX Group will integrate the operations of ACX into its platform, providing voluntary carbon credits and blockchain-based token-based carbon asset transactions. The integration will create an efficient carbon trading platform that meets the needs of organizations seeking to reduce their carbon footprint while trading carbon credits.

Benefits of Collaboration

The partnership between ACX and StoneX Group presents exciting opportunities for US businesses. By participating in the carbon trading platform, businesses will reduce their carbon footprint while earning carbon credits, which can be traded at market prices. The trading of carbon credits will promote the adoption of eco-friendly practices and foster environmental sustainability. The collaboration between ACX and StoneX Group will place the US carbon trading market at the forefront of sustainability efforts globally.

Supporters of the Collaboration

The collaboration between ACX and StoneX Group has received widespread support from industry players. Mubadala and Deutsche Bank are among the supporters of Air Carbon Exchange. Mubadala is an Abu Dhabi-based sovereign wealth fund with a mission to drive sustainable socioeconomic growth. On the other hand, Deutsche Bank is a leading global investment bank with operations in more than 50 countries worldwide.

Conclusion

The partnership between Air Carbon Exchange and StoneX Group presents exciting opportunities for organizations seeking sustainable ways of reducing their carbon footprint. The collaboration will facilitate the trading of carbon credits on a platform that meets the needs of businesses. Furthermore, the partnership will promote eco-friendly practices and foster environmental sustainability in the US carbon trading market.

FAQs

1. What is Air Carbon Exchange (ACX)?
ACX is a platform that provides voluntary carbon credits to individuals and organizations seeking to reduce their carbon footprint by promoting eco-friendly practices.
2. What is StoneX Group?
StoneX Group is a platform that trades agricultural and energy commodities, currencies, and interest rates globally. It serves more than 30,000 commercial and institutional clients worldwide.
3. Why is the partnership between ACX and StoneX Group important?
The collaboration between ACX and StoneX Group will enhance the US carbon trading market by providing a platform for trading carbon credits that meet the needs of businesses. Furthermore, the partnership promotes the adoption of eco-friendly practices and fosters environmental sustainability.

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