XCHG Announces Additional Strategic Investment Partners
Summary
“ The expansion of our strategic investor base substantiates the timeliness of our platform, as digitization and external drivers like decarbonization converge in global markets,” said XCHG CEO Joe Madden. “ XCHG provides a platform to monetize carbon efficiency and other ESG factors across multiple sectors, including our core operations and investments in sustainable aviation fuels (SAF), low-greenhouse-gas cement, and low-impact protein from natural gas.” The announcement comes amidst a series of announcements from XCHG, heralding the arrival of new asset classes of tradable digital products that provide proof of superior environmental provenance, including low-GHG cement and energy products valued according to methane emissions and water utilization. Leaders who manage to this new reality will likely prosper, and those who don’t are exposed to accelerating risk factors.” Xpansiv CBL Holding Group (XCHG) is the world’s first commodity exchange built for a new asset class: data. XCHG.net Oxy Low Carbon Ventures, LLC (OLCV) is a subsidiary of Occidental, an international oil and gas exploration and production company with operations in the United States, Middle East, and Latin America. Macquarie.com BP Ventures was set up more than 10 years ago to identify and invest in private, high-growth, game-changing technology companies, accelerating innovation across the entire energy spectrum.