Xpansiv, the premier infrastructure provider for environmental markets announced that it will spin out its finance data subsidiary to address a broad array of systemic challenges facing energy transition participants. The move will better enable banks, other capital markets participants and data providers to integrate environmental market and reporting data to ensure integrity across the capital lifecycle.

Fiùtur, the newly created company, will be governed and capitalized separately from Xpansiv. It is designed to operate with increasing independence over time. Fiùtur’s Board of Directors will initially include Jamila Piracci, Tom Lewis and Roseann Palmieri and its executives will include Xpansiv alumni Will Stewart, Executive Chair, Joe Madden, CEO, and Sam Teplitsky, COO.

“Environmental markets are a critical tool in accelerating the global energy transition and Xpansiv is focused on providing and operating the core registry and market infrastructure for these global markets to evolve,” said John Melby, CEO at Xpansiv. “Our stakeholders also face challenges related specifically to energy transition finance, which extend beyond Xpansiv’s core mission. We’ve developed a powerful financial data platform and other tools to specifically address those challenges, which is why we created Fiùtur.”

The announcement follows Xpansiv’s initiative to license its global environmental numeric reference system, which has been used to track millions of environmental assets, in conjunction with its digital measurement, reporting and verification (dMRV) technology.  In April, this solution was licensed by T-REX, a leading fixed income investment infrastructure provider, to bridge environmental market and sustainable finance data. Fiùtur further leverages Xpansiv’s numeric reference system by incorporating roles-based data governance and ownership across multiple parties to deliver provable outcomes in finance, markets, and insurance.

“By every estimate, many trillions of dollars must be deployed in the energy transition over the coming decades. Participants in the energy transition are requesting standardized, scalable approaches to emerging risks and opportunities,” said Joe Madden, CEO at Fiùtur. “Fiùtur is purpose built to help them do that.”

Source: Xpansiv