AQRU PLC announces incorporation of London Carbon Exchange, launches investor waitlist

Decentralised finance (DeFi) incubator AQRU PLC (AQSE:AQRU)’s wholly owned subsidiary London Carbon Exchange Ltd has been incorporated as a private limited company in the UK and has opened a waitlist for investors interested in using its platform when launched in the first half of 2023.

London Carbon Exchange is developing a web platform allowing investors to access and trade in the voluntary carbon market (VCM), a market that allows individuals and organisations to offset their emissions by purchasing voluntary carbon credits that represent certified removals or reductions of carbon emissions.

London Carbon Exchange aims to remove the complexities involved in tapping into the multibillion-dollar VCM, which AQRU says is “complex” with “significant barriers to entry”.

The growth of the market is expected to continue as an increasing number of businesses and individuals commit to lowering their carbon emissions and limiting their impact on the environment.

Philip Blows, chief executive of AQRU, said: “Our mission at AQRU is to develop solutions that can simplify complex investment opportunities so that they’re not only the domain of large institutional investors.

“This is exactly what we’re doing through the founding of the London Carbon Exchange. By supporting our subsidiary as they develop their platform, we’re creating a solution that will enable investors to easily access and trade trusted carbon credits so that they can take advantage of all the opportunities in the growing voluntary carbon market. 

“We look forward to the launch of the London Carbon exchange platform and seeing them become a key player in the rising voluntary carbon credits market.”