ACX celebrates successful inaugural trade of SYLVERA ‘A’ Nature Tonne (SAN)

ACX celebrates successful inaugural trade of SYLVERA ‘A’ Nature Tonne (SAN)

ABU DHABI, UAE and SINGAPORE/PRNewswire/ -- ACX Ltd (ACX), a leading Recognised Investment Exchange in environmental markets exchange, is excited to announce the successful execution of the first trades of its innovative ACX's SYLVERA 'A' Nature Tonne (SAN) contract. Launched in mid-December 2023, this contract has witnessed its first trade, giving buyers confidence that they are investing in credits high in environmental integrity, this achievement underscores the market's confidence in the viability and efficacy of such contract.

The inaugural trade, completed on 19 December 2023, signifies a pivotal milestone in the evolution of carbon markets. The SAN contract, designed to meet the demands of a rapidly changing environmental landscape, garnered significant attention and participation from key industry players such as the First Abu Dhabi Bank (FAB). This successful trade validates the relevance of such instruments in fostering a more efficient, transparent, and dynamic carbon trading ecosystem.

Sameh Al Qubaisi, Group Head of Global Markets at FAB, said, "As a leader in the emerging voluntary carbon market, FAB endeavors to promote contracts that instill confidence in buyers, assuring them that their investments support credits with high environmental integrity. This inaugural ACX SAN contract is one such, validating the relevance of financial instruments in