Kuala lumpur: Climate Impact X (CIX), a global environmental markets exchange, and Abaxx Technologies Inc. (TSX:ABXX) (OTCQX:ABXXF), today announced CIX has been approved as an eligible custodian for Abaxx Exchange's carbon futures contracts. Participants taking delivery under these contracts can now hold their credits with CIX, giving them an additional route to manage post-trade activity.

According to BERNAMA News Agency, environmental markets remain fragmented, with carbon credits held across multiple registries. This can create operational complexity and added cost for companies moving assets between markets.