Xpansiv is the global market infrastructure for registering, managing, trading, settling, retiring, analyzing, and reporting an infinite array of data-driven environmental commodities in an intuitive, user-friendly environment.

Formed in 2019 through the merger of CBL (founded 2009) and Xpansiv (founded 2016), the company has 300+ 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.

Company History
  • Launched ESGclear to track vital impact factors across supply chains
  • Entered agreement to acquire Evolution Markets, expanding environmental-market infrastructure
  • Passed 1 GW of clean energy assets under management
  • Acquired APX to scale environmental commodity market infrastructure
  • Blackstone announced $400 million investment in Xpansiv
  • CME Group launched CBL Core Global Emissions Offset (C-GEO) futures
  • Launched Core Global Emissions contracts to further scale VCM
  • Awarded “Best Midsize Companies to Work For”
  • ​Partnered with ​S&P Global Platts to ​a​dvance ​p​rice ​transparency in ​g​lobal ​c​arbon ​m​arkets
  • Carbon volume topped 120M metric tons on surging demand tied to Paris goals
  • Acquired SRECTrade to scale renewable energy business and enter clean transportation market
  • 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
  • Launched Nature-Based Global Emissions Offset (N-GEO)
  • 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
  • Launched Global Emissions Offset™ (GEO®) standardized contract
  • Launched XSignals market data service
  • Acquire​d​ Venus Technology and launched​​ H2OX App
  • ​Launch​ed​ Aviation Carbon Exchange (ACE)​ with IATA​
  • ​Close​d​ $25M strategic funding round
  • Acquired the APX Environmental Management Account (EMA) Platform
  • Announced first exchange trade of differentiated natural gas based on Digital Feedstock™
  • Partnered with Solidia to introduce low-carbon cement to global markets
  • 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