Aussie investors could soon get their hands on arguably one of the most unique offerings on the ASX – the ESG unicorn called Xpansiv.
Xpansiv is a global company that runs the world’s biggest voluntary carbon credit marketplace. Its trading platform executes at least 90% of all exchange-traded voluntary carbon credit transactions globally, matching corporates who want to buy carbon credits with suppliers who run projects that reduce greenhouse gases (GHG).
The voluntary carbon market has exploded over the last couple of years, mainly driven by the ESG thematic that has taken the world by storm. Experts agree it’s a thematic that could dominate the financial markets for years to come, as the world rapidly undergoes a transition towards carbon neutrality.
Xpansiv has also built out quite an impressive vertical ecosystem, with adjacent businesses in data and registry that provide it with recurring revenues. It has partnerships with major organisations like the CME (Chicago Mercantile Exchange) and S&P Global Platts. It’s also set to acquire a stake in US-based APX Inc, the leading registry provider for environmental markets.