Rubicon selects Rialto Markets for issuance of carbon credits

Rick Steves

“Rubicon Carbon will leverage Rialto Markets’ industry leading primary markets technology and infrastructure to enable institutions to purchase a variety of carbon products.”

Rialto Markets has signed a long-term platform partnership with Rubicon Carbon, a newly launched market-based products and solutions platform built to help lead the next generation of the carbon market.

The carbon marketplace selected Rialto Markets, a Wall Street-based FINRA member broker-dealer, to serve as the technology provider for its issuance.

Rubicon offers access to proprietary sets of both nature-based and non-nature-based carbon credits

Rubicon is unlocking at-scale decarbonization projects and delivers enterprise-grade solutions for carbon credit purchases. The firm is funded by an initial capital commitment of $300 million from TPG Rise Climate and TPG’s multi-sector impact investing strategy The Rise Fund.

In addition to investment from leading climate investors, Rubicon is led by an experienced management team who bring deep expertise in business building, markets, sustainability, and carbon finance.

The Rubicon Carbon Tonne (RCT) is Rubicon’s first product, which provides enterprise customers access to proprietary sets of both nature-based and non-nature-based carbon credits.

RCTs are backed by a Rubicon-owned inventory of high-quality, verified, broadly diversified carbon credits which, at Rubicon’s launch, amount to 20 million tonnes of CO2e.

Rubicon will leverage Rialto’s primary markets technology and infrastructure

Joel Steinmetz, COO and Co-founder of Rialto Markets, said: “We are delighted to have signed a long-term agreement with Rubicon Carbon to provide a range of technologies enabling the purchasing of RCTs. Rubicon Carbon will leverage Rialto Markets’ industry leading primary markets technology and infrastructure to enable institutions to purchase a variety of carbon products.”

Tom Montag, CEO of Rubicon Carbon said: “In order to offer our solutions at enterprise scale, integrity and confidence must be at the core of our platform. Rialto Markets created a bespoke solution to enable the purchase of our new product, Rubicon Carbon Tonnes, to be trusted and seamless. We are thankful for their partnership as we bring further innovation to one of the market’s critical decarbonization tools.”

Shari Noonan, CEO and Co-founder of Rialto Markets, added: “Rialto Markets actively seeks to participate in ESG (environmental, social and governance) initiatives, so we are excited and proud to be involved with Rubicon Carbon and its mission to drive decarbonization for enterprises across industries and around the world.”

Rialto Markets is a FINRA member Broker Dealer and operates an alternative trading system (ATS) for private securities including those issued as a Digital Asset Security. The firm announced the launch of its SEC-authorized ATS last year.

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