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Xpansiv

Trade, track, and monetize energy and environmental commodities globally.

Hybrid
100,000+Clients
01 — Overview

What Xpansiv does

Carbon credits, renewable energy certificates, clean fuel credits, and water rights each trade in separate, fragmented markets with inconsistent pricing data and settlement processes. Xpansiv was built to sit at the intersection of all of them. The company operates what it describes as the world's largest integrated platform for energy and environmental commodities, connecting exchanges, registries, brokerage, and power management across five continents. Its client base spans financial institutions, corporations, governments, and power producers, with over 100,000 customers including Fortune 500 companies.

For a family office with exposure to clean energy assets, carbon project investments, or ESG-oriented procurement obligations, Xpansiv offers access to several distinct capabilities through a single platform:

  • CBL, its spot exchange for carbon credits and RECs, with real-time price discovery and electronic settlement
  • Evolution Markets, a brokerage arm for structured transactions and long-term offtake agreements, named best broker across EU, UK, and North American carbon markets in 2026 Environmental Finance Rankings
  • Xpansiv Registries, covering NAR, TIGR, Evident I-REC(E), and Digital Fuels Registry with over 300 GW of registered capacity
  • Xpansiv Data, providing transaction-based, real-time and historical market data sourced directly from its own exchanges
  • H2OX, a 24/7 Australian water rights exchange with fixed per-megalitre fees and same-day settlement

The platform received a $400 million investment from Blackstone and has expanded through acquisitions of APX, SRECTrade, Evolution Markets, PineSpire, and Evident. Pricing is not disclosed publicly and requires direct engagement. The platform is purpose-built for institutional and corporate participants transacting at scale; family offices with only incidental or passive exposure to environmental commodities are unlikely to need the depth of infrastructure Xpansiv provides.

Xpansiv operates the world's largest integrated, open and neutral market infrastructure for the global energy transition.

On Xpansiv, from a family-office user
02 — Product & capabilities

What it covers

Core tasks
  • Trading and brokerage of carbon credits, RECs, and clean fuel certificates
  • Issuance, tracking, and retirement of environmental commodities through owned registries
  • Structured offtake agreements and long-term transaction advisory via Evolution Markets
  • Wholesale power scheduling, settlement, and 24/7 grid operations management
  • Real-time and historical market data delivery for environmental and energy instruments
  • Trading of Australian water entitlements and allocations via H2OX
Notable features
  • CBL spot exchange for carbon and RECs with electronic settlement
  • Evolution Markets brokerage and structured transaction services
  • Xpansiv Registries (NAR, TIGR, Evident I-REC(E), Digital Fuels Registry)
  • Xpansiv Data real-time and historical transaction-based pricing
  • Xpansiv Power wholesale electricity scheduling across all 7 US ISOs
  • H2OX water exchange with fixed per-megalitre fees and 1-business-day settlement
  • Xpansiv Connect portfolio management across registries with workflow automation
  • LCFS credit generation and sale for EV charging and fleet operators
  • Solar SREC program for residential and commercial solar owners
  • CORSIA-eligible carbon offsets via CBL GEO CORSIA CP1 contract
Assets supported
Carbon CreditsRenewable Energy Certificates (RECs)Low Carbon Fuel Standard (LCFS) CreditsSolar Renewable Energy Certificates (SRECs)Water Rights and AllocationsRecycled Content CertificatesWholesale ElectricityClean Fuel Certificates
Platform & technology
Data IngestionConsolidated ViewBenchmarking
03 — Company

The firm behind it

Ownership
PE-owned (Blackstone investment of $400M received)
Software type
Hybrid
Headquarters / markets
United States, Australia, United Kingdom
Offices
New York, London, Sydney
Key people
JJohn MelbyChief Executive Officer
FFrank McAnallyChief Financial Officer
NNathan RockliffChief Strategy Officer
PPaul SestiliChief Operating Officer
HHenrik HasselknippeChief Platform Officer
BBen StuartChief Commercial Officer
EEvan ArdPresident, Evolution Markets
KKaren MillerChief People Officer
SSeshadri SundaramChief Technology Officer
MMichael GoldsteinGeneral Counsel
EErika CrandallChief Risk Officer
Recognition
  • Best Broker - EU Carbon Markets, Environmental Finance Rankings 2026
  • Best Broker - UK Carbon Markets, Environmental Finance Rankings 2026
  • Best Broker - North American Carbon Markets, Environmental Finance Rankings 2026
  • Top Workplace - Built In, 2nd consecutive year (2025/2026)
04 — Clients & fit

Who it’s for

Built for Investment Teams, Single Family Office (SFO), Multi Family Office (MFO).

05 — Support & onboarding

Getting it running

Email support by product line, phone support, dedicated contacts by region and product category