Climate Impact X and Carbonplace announce merger to form broader environmental markets platform

Temasek-backed Climate Impact X (CIX) and UK-based Carbonplace announced their intent to merge, combining CIX's exchange and price discovery capabilities with Carbonplace's settlement infrastructure. The transaction, subject to regulatory approval, aims to create a comprehensive platform for environmental markets, integrating sourcing, trading, settlement, custody, and retirement. The combined entity will operate across Singapore and London, backed by 12 institutional shareholders including DBS Bank and Standard Chartered. CIX Chief Executive Oi-Yee Choo will lead the new company, with Carbonplace CEO Scott Eaton serving as president. Integration is expected to conclude in the first quarter of 2027.