WELCOME TO THE
Digital Commodity Ecosystem™
Xpansiv is the global marketplace for transacting an infinite array of data-driven commodity products in an intuitive, user-friendly environment. Xpansiv prices energy, carbon, and water basedon deeper data. We’re the global marketplace for data-driven, ESG-inclusive products, and theplatform for redefining value based on immutable information—we prove provenance so commodities can be valued according to their full life-cycle story.
Formed in 2019 through the merger of CBL (founded 2009) and Xpansiv (founded 2016), the company has 200+ employees and offices in Sydney, New York, San Francisco, Seattle, Houston, Vancouver, London, Milan, and Bendigo.
We provide tools and information to more accurately value agriculture, energy, and materials; we’re unleashing the power of global markets to deliver a world worthy of future generations.

- Launched natgas methane performance benchmark with S&P Global Platts
- Completed US$100 million capital raise
- Reported one billionth credit processed through EMA
- Published Digital Fuels Program to accelerate ESG transition in fuels sector
- Announced acquisition of OTX, expanding into U.K., Europe
- CME Group successfully launched GEO futures contract
- Completed US $40m pre-IPO capital raise from existing and new investors
- Entered partnership with Validere to attach ESG attributes to energy products

- Created world’s first Aviation Carbon Exchange
- Published founding principles for digital ESG commodities
- Launched XSignals, providing ESG insights and market benchmarks
- Launched Global Emissions Offset™ (GEO®), first VCM carbon benchmark

- Acquired the APX Environmental Management Account (EMA) Platform
- Announced first exchange trade of differentiated natural gas based on Digital Feedstock™
- CBL merged with Xpansiv to form Xpansiv CBL Holding Group (XCHG)
- Xpansiv completed $10M Series A funding from BP Ventures, S&P Global, Energy Innovation Capital

- CBL partnered with the Tasmanian Gas Pipeline (TGP) to launch AU Gas products
- CBL entered partnership with Xpansiv to launch a suite of commodity products based on Digital Feedstock™
- Xpansiv partnered with Carbon Creek & IES to bring TrustWell™ responsible gas to financial markets

- CBL entered agreements with CME Group to list CCA Futures on NYMEX and APX to launch US REC spot products
- CBL announced acquisition of H2OX water exchange
- Xpansiv completed initial seed funding with BP Ventures and other customers
- Xpansiv and CBL entered MOU for Digital Feedstock–enabled products and IES for digital application of assurance ratings
- John Melby joined Board of Directors of CBL and Xpansiv

- Xpansiv founded in San Francisco by Joe Madden and Jeff Cohen
- CBL launched exchange platform for all products, including RGGI and California Cap-and-Trade products

- CBL co-founded by Ben Stuart and Nathan Rockliff
- CBL launched first global carbon offset exchange with electronic interfaces to banks and registries
- CBL entered agreement with Joint Government Enterprise to build and launch H2OX water exchange
- CBL obtained Australian Financial Services License (AFSL)
- CBL opened office in NYC and launched North American environmental products