“Rubicon Carbon will leverage the leading technology and infrastructure of the Rialto Markets industry to enable institutions to purchase a wide range of carbon products.”
Rialto Markets has signed a long-term platform partnership with Rubicon Carbon, a newly launched product and solutions platform designed to lead the next generation of carbon markets.
The carbon market selected Rialto Markets, a FINRA member broker-dealer of Wall Street, to serve as the technology provider for its issuance.
Rubicon offers access to proprietary groups of natural and non-natural carbon credits.
Rubicon unlocks decarbonization projects at scale and provides enterprise-grade solutions for purchasing carbon credits. The company 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.
With investment from leading climate investors, Rubicon is led by an experienced management team that brings deep expertise in business development, markets, sustainability, and carbon finance.
Rubicon Carbon Tonne (RCT) is Rubicon’s first product, providing corporate customers with access to proprietary pools of natural and non-natural carbon credits.
RCTs are supported by Rubicon’s proprietary inventory of high-quality, verifiable, highly diversified carbon credits that, at Rubicon’s launch, amount to 20 million tons of CO2e.
Rubicon will use Rialto’s core markets technology and infrastructure
Joel Steinmetz, COO and Co-Founder of Rialto Markets, said: “We are pleased to have signed a long-term agreement with Rubicon Carbon to provide the range of technologies that enable the acquisition of RCT. Rubicon Carbon will provide key technologies and infrastructure to key markets. of the Rialto Markets industry 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 level, integration and reliability must be at the core of our platform. Rialto Markets created a custom solution to buy our new product, Rubicon Carbon Tonnes, reliable and complete.We appreciate their cooperation as we bring another innovation to one of the critical decarbonization tools on the market.
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 join Rubicon Carbon and its mission to drive decarbonization for companies across industries and around the world.”
Rialto Markets is a member Brokerage Firm of FINRA and operates an alternative trading system (ATS) for private securities, including those issued as Digital Asset Securities. The company announced the launch of its SEC-authorized ATS last year.