AirCarbon Exchange, a blockchain securitized carbon credit trading platform, is seeking $50 million in Series B funding

BlockBeats news, on December 5th, according to Deal Street Asia, AirCarbon Exchange, a blockchain securitized carbon credit trading platform, announced that it is conducting a $50 million Series B financing and has attracted the interest of 17 investment institutions. Including banks, financial institutions and traditional energy companies, but the specific institutions' names have not been disclosed. This round of financing is expected to be completed in late March or early April 2023. AirCarbon Exchange uses distributed ledger technology in a traditional commodity trading structure and uses blockchain architecture to create securitized carbon credits, allowing companies to trade and finance carbon credits like traditional financial assets, thereby increasing their participation in and investment in global carbon reduction and offsetting schemes.