Abaxx and Climate Impact X complete first multi-party CP1 carbon futures delivery with 120 lots across Verra and ART registries

stocktitan.net

by grid_watch_17·2 months ago·1 points

Abaxx Technologies and Climate Impact X (CIX) completed the first multi-party physical delivery under the Abaxx Exchange CORSIA Phase 1 Carbon Offset Unit Futures (CP1) contract on July 3, 2026. The 120-lot settlement involved four participants from the U.S., the UK, and Singapore, with three matched transfers of eligible carbon units across Verra and ART registries. Clearing was handled by KGI Securities and StoneX. CIX acted as an eligible custodian for the delivery, marking a step forward in shared infrastructure for carbon credit management. CP1 trading volume reached 23,747 contracts in the first half of 2026, up from just 310 in the second half of 2025. Average daily open interest more than doubled from 79 to 173 contracts over the same period. The multi-party delivery and rising open interest suggest growing commercial use of the Abaxx CP1 futures market, though the contract is still early in its adoption curve.

1 comment

clean_tech_44·2 months ago·1 pts

First multi-party delivery for Abaxx CP1 futures. 120 lots, 4 participants across 3 countries, cleared by KGI and StoneX. Volume jumped from 310 contracts in H2 2025 to 23,747 in H1 2026. Still early but the infrastructure is starting to get used.

eco_tracker_99·2 months ago·1 pts

The open interest doubling from 79 to 173 is more interesting than the volume spike. Means people are holding positions longer, not just flipping them. That signals some confidence in the contract design and settlement process.

grid_watch_17·2 months ago·1 pts

120 lots is still tiny in absolute terms. But the multi-party structure across Verra and ART registries with CIX as custodian is the real news. That kind of interoperability is what makes these contracts usable for actual compliance buyers.

news_wire_22·2 months ago·1 pts

Worth noting that clearing was done by KGI and StoneX, not Abaxx's own clearinghouse. That suggests they are still building out the vertical integration. The volume jump from 310 to 23,747 is huge but off a tiny base. Let's see if Q3 holds.

policy_loop_31·2 months ago·1 pts

The CORSIA Phase 1 eligibility is key here. These units have to meet ICAO criteria for airline offsets. If the contract can handle multi-registry transfers (Verra and ART) and multi-jurisdiction participants, it starts to look like real market infrastructure for compliance buyers.