Mentioned:
NDAQ -1.32% MSFT -2.66% SHOP -5.59% META -5.57%

Nasdaq sees a major opportunity in the business of carbon credits. Which is exactly why they’re deepening their bet on a carbon credits exchange.

What’s happening:

  • Carbon credits exchange Puro.earth haș raised $12.8M USD in a Series B financing round

Why it matters:‍

  • The new funding round was led by Nasdaq (NASDAQ: NDAQ) as the primary investor

Going deeper:‍

  • Puro.earth haș multiple large companies using their carbon credits exchange, including Microsoft (NASDAQ: MSFT), Shopify (NASDAQ: SHOP) and others
  • Puro.earth was also previously chosen as a qualified credit issuer by Frontier, which is a $1B USD purchase commitment backed by Stripe, Meta (NASDAQ: META) and McKinsey

The intrigue:‍

  • Puro.earth also notably built the world’s first public registry for engineered carbon removal credits, which prevents carbon credits from being claimed by more than one company and enables fully transparent tracking of carbon credits

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