ACX partners with B3 co to the global carbon mark
COUNTRY FOCUS : BRAZIL
Partnership pitched as leveraging e ACX ’ s proprietary exchange technology and established leadership in the carbon market and B3 ’ s position as the largest financial exchange in Latin America .
National flag of Brazil
ACX Group has announced a partnership with B3 S . A . – Brasil , Bolsa , Balcão ( B3 ), the Brazilian stock exchange , streamlining carbon market access to Brazilian companies seeking to reach their net zero goals .
The partnership will leverage ACX ’ s proprietary exchange technology and established leadership in the carbon market and B3 ’ s position as the largest financial exchange in Latin America .
As part of the partnership , B3 , with its strong presence in the Brazilian capital markets and its deep relationships with market participants , aims to contribute to the expansion and success of ACX ’ s
Brazil trading platform which is targeted to be launched in 1Q 2024 .
ACX and B3 , both regulated financial companies under their respective jurisdictions , will seamlessly connect what is expected to be one of the world ’ s largest carbon markets to the broader international marketplace .
ACX ’ s transparent and award-winning platform will allow Brazilian businesses to transact with buyers and sellers worldwide .
William Pazos , Co-Founder and Co-CEO , ACX , said ; “ We are excited to partner with B3 in Brazil . This transaction connects one of the world ’ s largest carbon
42 INTELLIGENTCIO LATAM www . intelligentcio . com