Otx cryptocurrency3/19/2023 ![]() By expanding our already robust infrastructure, we’re giving market participants the innovative tools needed to scale, and the platform to support their ESG and climate goals.” Xpansiv opened office in London and acquired OTX Group John Melby, President and Chief Operating Officer at Xpansiv, added: “We’re pleased to increase our customer offerings in this space to include APX’s impressive registry tools and services. With our combined capabilities, we’re empowering the world’s transition to clean energy and sustainability.” Joe Varnas, Chief Executive Officer at APX, said: “Over the years partnering with Xpansiv, our firms have come to share a common vision for high-integrity, scalable market infrastructure. From registry infrastructure to portfolio management, exchange, and market intelligence, we help companies efficiently meet their environmental commitments with the required scale and transparency.” Nathan Rockliff, Chief Strategy Officer at Xpansiv, commented: “The APX addition enables integration across the environmental commodities lifecycle. ![]() Xpansiv adds registry infrastructure to environmental offering Blackstone’s capital injection enabled Xpansiv to complete the APX acquisition. Earlier this month, Blackstone announced that funds managed by Blackstone Energy Partners committed $400 million to lead a strategic investment in Xpansiv. In March 2022, Xpansiv acquired a 20% minority ownership interest in APX. Global carbon and environmental commodities market infrastructure platform Xpansiv has acquired APX to empower markets to scale with liquidity and efficiency.ĪPX provides registry infrastructure for energy and environmental markets and has been a long-term strategic partner of Xpansiv, whose exchange CBL is fully integrated with leading registries that operate on APX infrastructure. The acquisition of APX furthers the company’s formal expansion, which includes the acquisition of OTX Group and the opening of a London office.
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