Emsurge Carbon Marketplace has originated its first deal that was concluded in partnership with the ​CBL exchange, it announced Tuesday.​ ​The trade for 50,000 REDD credits was settled through CBL’s post-trade processing platform.​ ​Xpansiv’s CBL offered a way to finalise the deal quickly while work on the documents for future trades was completed.

“By working together (with the CBL platform), our clients can choose to streamline post-trade processes and ensure they never miss out on an opportunity due to time-lags, performing know your counterparty, credit and contractual due diligence,” said Melissa Lindsay, founder and chief executive of Emsurge.