Xpansiv, a leading global infrastructure provider for energy transition markets, has signed a Memorandum of Understanding (MoU) with the Korea Exchange (KRX) to support the launch of the KRX Carbon Credit Market.
The agreement, announced at a signing ceremony in New York on 16 September, formalises a strategic collaboration aimed at developing Korea’s new platform for trading voluntary carbon credits, Article 6 Paris Agreement credits, and compliance credits including those under the aviation scheme CORSIA.
KRX plans to strengthen its environmental markets business by linking the new platform with Xpansiv’s CBL, the world’s largest carbon credit spot exchange. This integration will allow the KRX Carbon Credit Market to launch with an established order book of hundreds of active participants, enhancing liquidity and price discovery while attracting international investors.
“Korea Exchange, which operates one of the world’s largest compliance carbon markets, aims to foster Asia’s leading carbon market,” said KRX Chairman and CEO Eun-bo Jeong. “In this process, we expect to explore opportunities for cooperation with Xpansiv, which operates a global carbon credit market, across various dimensions.”
John Melby, CEO of Xpansiv, added: “We are pleased to advance the collaboration between KRX and ourselves to create more connected global markets. The KRX Carbon Credit Market will provide robust mechanisms to help stakeholders achieve their energy transition goals.”
