The blockchain-based carbon credit trading platform AirCarbon Exchange is seeking $50 million in Series B funding

ChainCatcher news, the blockchain securitized carbon credit trading platform AirCarbon Exchange has announced that it is conducting a $50 million Series B financing round, which has already attracted interest from 17 investment institutions, including banks, financial institutions, and traditional energy companies, although the specific names of the institutions have not yet been disclosed. This round of financing is expected to be completed by the end of March or early April 2023.

AirCarbon Exchange uses distributed ledger technology within the traditional commodity trading structure and leverages blockchain architecture to create securitized carbon credit allowances, allowing companies to trade and finance carbon credit allowances like traditional financial assets, thereby increasing participation and investment in global carbon reduction and offset programs. (Deal Street Asia)