Carbonplace raises $45M

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Carbonplace, which is developing a blockchain-based carbon credit platform, raised a $45M round. 

 The round was led by nine banks, including BBVA, BNP Paribas, National Australia Bank, and Standard Chartered.


  • The platform would enable users to share real-time carbon data and transactions. 
  • The company expects the exchange to be ready this year. It is currently testing the platform with Visa and Climate Impact X.
  • According to McKinsey data, global demand for voluntary carbon credits will likely increase 15x "in the next several years."

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