Xpansiv, the largest spot exchange for environmental commodities, has announced that it will be spinning off its finance data subsidiary, Fiutur. This move is aimed at addressing specific challenges and providing better services to its energy transition participants. Xpansiv runs the market infrastructure to rapidly scale the global energy transition, and the environmental commodities it trades include carbon credits, renewable energy credits, and digital fuels.
John Melby, the company’s CEO, emphasized the role of environmental markets in the transition, stating that “Environmental markets are a critical tool in accelerating the global energy transition, and Xpansiv is focused on providing and operating the core registry and market infrastructure for these global markets to evolve.”
The decision to spin off Fiutur will allow capital markets participants such as banks and data providers to include environmental markets for more integrity across the capital lifecycle. The newly formed company, Fiutur, is a powerful financial data platform that will have its own governance and capitalization, separate from Xpansiv, and will run with more independence over time.
Fiutur will have a board of directors and executives, including Jamila Piracci, Tom Lewis, and Roseann Palmieri as directors, Will Stewart as Executive Chair, Joe Madden as CEO, and Sam Teplitsky as COO. The key reason for the spin-off of Fiutur is to help Xpansiv’s stakeholders face specific challenges related to energy transition finance.
This decision comes after Xpansiv licensed its global environmental numeric reference system, the Universal Project Numbers (UPN). This system has been tracking millions of environmental assets, together with its digital dMRV (measurement, reporting, and verification) technology. The referencing system links environmental market and sustainable finance data. It was licensed by T-REX, a financial infrastructure provider for fixed income investments, in April this year.
Fiùtur will further take advantage of Xpansiv’s UPN by incorporating roles-based data governance and ownership across multiple parties. This will result in certain and conclusive outcomes in finance, markets, and insurance. As the world transitions to clean energy in the coming years, trillions of dollars are necessary to fund it. Market participants are requesting scalable solutions to emerging risks and opportunities. The new company “is purpose-built to help them do that,” says Fiutur CEO.
The global energy transition is a critical challenge that requires innovative solutions. The spin-off of Fiutur will enable Xpansiv to focus on its core mission of providing and operating the core registry and market infrastructure for global environmental markets to evolve. At the same time, Fiutur will provide financial data services that are tailored to the needs of capital markets participants, allowing them to integrate environmental markets into their operations with greater ease and confidence.
The move is a significant step forward for Xpansiv, as it seeks to expand its reach and impact in the global energy transition. With the spin-off of Fiutur, the company is well-positioned to provide the market infrastructure and financial data services that are essential for scaling up environmental markets and accelerating the transition to clean energy.