Temasek-backed Climate Impact X, or CIX, and UK-based Carbonplace said they intend to merge, combining a carbon market exchange with infrastructure for credit settlement and portfolio management in an effort to build a broader platform for environmental markets.
The transaction, announced Wednesday, is subject to regulatory approval. CIX brings exchange, procurement and price discovery capabilities, while Carbonplace provides access to multiple registries and bank-grade settlement infrastructure. The integration is expected to be completed in the first quarter of 2027.
The combination comes as carbon markets face pressure to improve transparency, liquidity and confidence. The companies said higher standards for market integrity and the growing importance of mechanisms including CORSIA and Article 6 are increasing the need for infrastructure that can connect different markets, jurisdictions and standards.
Two Platforms Seek To Connect The Full Transaction Cycle
CIX and Carbonplace first tested their systems together in 2022, when carbon credits were traded through CIX and settled through Carbonplace. The proposed merger would extend that model across the transaction lifecycle, from sourcing projects and building portfolios to trading, settlement, custody and retirement.
The combined business would operate across Singapore and London, linking two financial and carbon-market centers while providing access to networks of counterparties and environmental products. Both companies are connected to major carbon and renewable energy certificate registries, supporting multi-registry tracking and reporting.
Relevant: BeZero Carbon Partners With Climate Impact X In Singapore
The new company would be backed by 12 institutional shareholders, including BBVA, BNP Paribas, DBS Bank, GenZero, Mizuho Financial Group, NatWest, Singapore Exchange, Standard Chartered, SMBC and UBS.
CIX Chief Executive Oi-Yee Choo will lead the combined company, and Carbonplace CEO Scott Eaton will serve as president. Both businesses will retain their existing brands during integration, with no immediate changes to products, services or client arrangements.
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