XCHG’s CBL Markets Acquires APX Environmental Management Account (EMA) Platform
Summary
“ The EMA infrastructure provides seamless integration with the CBL exchange for participants trading energy and environmental products,” said Nathan Rockliff, XCHG Chief Strategy Officer. “ We plan to invest in EMA to enhance functionality and connect with additional registries in other commodity markets.” The transaction marks another major development for XCHG as it embarks on a strategic acquisition path to advance its market position, accelerating the growth of global commodity products on its exchange platform. “ It’s another step forward in the evolution of data-driven markets.” CBL has been in strategic partnership with APX for five years, collaborating to advance energy and environmental markets. This depth and breadth of knowledge makes the APX team uniquely qualified to provide trusted, leading-edge solutions. cblmarkets.com Xpansiv CBL Holding Group Limited (XCHG) is the world’s first commodity exchange built for a new asset class: data.
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