Xpansiv, a market-infrastructure platform for ESG commodities, has announced the launch of CBL Auctions to scale up its carbon credit transactions.
CBL Auctions allow participants to choose from a variety of auction types by leveraging CBL’s infrastructure for credits and payment transfers. Customers can also customize their delivery terms and products or have the option to use standardized CBL instruments.
Xpansiv’s new electronic auction service streamlines the process of marketing and selling carbon credits. The auction marketplace connects participants with thousands of CBL carbon customers and will allow them to capture and report auction data to improve price transparency.
Analyst QuickTake: Previously in June 2022, Xpansiv raised USD 400 million in a strategic investment round led by Blackstone Energy Partners. Part of the funds were utilized for the launch of CBL Auctions, to further scale up the company’s platform offering.
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