Swiss stock exchange operator SIX Group AG is making strides in the carbon dioxide removal (CDR) market as part of its diversification strategy.
On Thursday, the Swiss exchange announced its acquisition of a minority stake in Carbonfuture, a German startup that offers digital infrastructure for companies involved in removing carbon dioxide from the atmosphere and selling credits to polluters aiming to achieve net-zero targets. Financial details of the investment were not disclosed.
This move aligns with SIX’s broader strategy to diversify its offerings. Bjorn Sibbern, global head of exchanges at SIX and a former executive at Nasdaq Inc., stated this week that he is exploring the introduction of new asset classes on SIX’s trading platforms, with carbon removal credits highlighted as a promising option.
“Our investment in Carbonfuture represents a significant step into an emerging new asset class, reflecting our confidence in their ability to build the essential digital infrastructure for the carbon removal market,” Sibbern said.
Founded in 2020, Carbonfuture is headquartered in Freiburg, Germany, and has additional offices in Zurich and San Francisco.
Hannes Junginger-Gestrich, CEO of Carbonfuture added, “With SIX’s support, we are expanding our Carbonfuture MRV+ solution to drive market maturity and make carbon removal more reliable, scalable, and tradable. With our future-proof and comprehensive approach, serving both the voluntary carbon market and compliance markets, Carbonfuture is uniquely positioned as the infrastructure backbone of the industry, delivering de-risked, high-quality CDR credits that companies can trust to meet their climate goals.”