Xpansiv, a global marketplace for ESG commodities, is to acquire a 100 per cent ownership stake in APX, Inc, a provider of registry infrastructure for energy and environmental markets.

Upon receipt of regulatory approvals, Xpansiv will initially acquire a 20 per cent minority ownership interest in APX and is expected to acquire the remaining stake later this year.

The parties have previously partnered to launch various spot contracts for voluntary carbon and renewable energy credits, and in 2019 Xpansiv acquired EMA from APX. EMA is a multi-registry environmental portfolio management system, through which more than one billion environmental credits were processed in 2021. Since the acquisition, Xpansiv has added the New York Generation Attribute System (NYGATS) and American Carbon Registry (ACR) to the network of integrated registries.