aircarbon

ChainCatcher news, according to Ledger Insights, the blockchain-securitized carbon credit trading platform AirCarbon Exchange (ACX) has completed a $15 million Series B funding round through convertible bonds, led by TRIREC, with participation from Banpu Public Company and PJSC. The total funds raised by AirCarbon Exchange have reached $25 million, which includes some investment from the European Energy Exchange (EEX) under the Deutsche Börse Group, with which it has established a strategic partnership.Previously, in December 2022, AirCarbon Exchange stated that it was seeking $50 million in Series B funding. (source link)

ChainCatcher news, the blockchain securitized carbon credit trading platform AirCarbon Exchange has announced that it is conducting a $50 million Series B financing round, which has already attracted interest from 17 investment institutions, including banks, financial institutions, and traditional energy companies, although the specific names of the institutions have not yet been disclosed. This round of financing is expected to be completed by the end of March or early April 2023.AirCarbon Exchange uses distributed ledger technology within the traditional commodity trading structure and leverages blockchain architecture to create securitized carbon credit allowances, allowing companies to trade and finance carbon credit allowances like traditional financial assets, thereby increasing participation and investment in global carbon reduction and offset programs. (Deal Street Asia)