The startup operates a blockchain-based trading platform that facilitates spot and futures markets for carbon commodities, specifically targeting the transportation industry. By providing a digital exchange for trading and managing carbon liabilities, the platform reduces market friction in a carbon-constrained economy.
Funding
$26.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
The voluntary carbon market faces challenges related to transparency, efficiency, and accessibility, hindering the ability of corporations and nations to meet Net Zero emissions goals. Existing platforms often lack the necessary tools for seamless trading and management of environmental instruments, creating friction and limiting participation.
Solution
ACX (AirCarbon Exchange) provides a digital exchange that facilitates spot and futures trading for a range of environmental commodities, including carbon credits and Renewable Energy Certificates (RECs). The platform enhances transparency and efficiency in the voluntary carbon market by connecting project developers, corporations, and nations through a centralized hub. ACX streamlines the lifecycle of environmental credit ownership, from purchase to retirement, using cutting-edge technology to ensure a smooth and intuitive experience. By offering a diverse array of environmental instruments and fostering trust through transparent fee structures and price discovery, ACX accelerates sustainability initiatives and value creation.
Target Audience
The primary target audience includes corporations, industries, and nations seeking to achieve Net Zero emissions goals, as well as project developers and traders involved in the voluntary carbon market.
Features
- Spot and futures trading for carbon credits (CET, GNT, GNT+, SDGT) and RECs
- Global reach, connecting project developers, corporations, and nations worldwide
- Transparent and consistent fee structures
- Streamlined environmental instrument ownership and transaction process
- Digital exchange platform for managing carbon liabilities
- Integration with multiple registries, national standards agencies, and brokerages