Climate Impact X is set to launch a new market intelligence service in the coming months, while digital asset firm XREX has obtained a Major Payment Institution (MPI) Licence from the Monetary Authority of Singapore.
Climate Impact X to launch market intelligence service
Temasek-backed carbon exchange Climate Impact X is set to launch a new market intelligence service in the coming months which will spur informed decision-making and raise market-wide price transparency across the voluntary carbon market (VCM), according to an announcement.
The service, CIX Intelligence, will offer exclusive access to a trade database which aims to provide a new level of visibility into trading, price and liquidity patterns, and help to unlock better understanding of credit type- and project-specific price dynamics.
The database will comprise several thousand project- or contract-specific transactional data points across the VCM.
The service also includes CIX’s growing suite of on-screen driven price benchmarks built on global best practices and underpinned by trading activity during CIX Exchange’s signature time-bound pricing sessions.
These daily or weekly liquidity windows concentrate trading activity for different segments of the VCM and generate high-quality data points, resulting in sharper, market-driven prices.
XREX to set up cross-border payment platform
Taiwan-based digital asset firm XREX announced that it has obtained a Major Payment Institution (MPI) Licence from the Monetary Authority of Singapore (MAS) for its financial institution in the country.
XREX Singapore facilitates frictionless cross-border payments for import and export transactions, particularly for small-medium businesses (SMBs) in emerging markets.
It will soon launch XREX Pay, a platform providing cross-border B2B payment features for corporates, as well as remittance solutions, such as helping migrant workers send money home.
XREX Pay will support Singapore Dollar (SGD) and US Dollar (USD) payment rails and stablecoins such as USDT and USDC while demonstrating a robust and practical implementation of the Financial Action Task Force (FATF) travel rule.
Founded in 2018 and operating globally under multiple licences, XREX offers a full suite of services such as digital asset custody, wallet, cross-border payment, fiat-crypto conversion, cryptocurrency exchange, asset management, and fiat currency on-off ramps.
