CBL Markets (CBL) and Xpansiv today announced the completion of their merger to form Xpansiv CBL Holding Group (XCHG), a first-of-its-kind platform that uses authenticated production data to enable the creation and transaction of commodity products comprised of information that was invisible, until now.
“The XCHG platform is designed for a new asset class—data,” said XCHG CEO Joe Madden. “XCHG ingests data sourced from each commodity’s lifecycle and converts it into Intelligent Commodities™, digital assets that enable transactions based on comprehensive information linked to source data.”
“New risk factors driven by resource constraints create demand for more information about the food, energy, and raw materials we produce and consume worldwide,” Madden said. “The demand for commodity information is rising faster than traditional markets can adapt. XCHG provides a scalable pathway to transparency by leveraging existing data and technology to support the transaction of Intelligent Commodities.”
XCHG brings together Xpansiv, a data refinery and next-generation platform, with CBL Markets, the leading commodity spot exchange. Together, they create a marketplace powered by Digital Feedstock™, a new data format that combines real-time production monitoring, standards, data science, cryptography, and distributed-ledger technologies to refine, characterize, and convert data into digital assets that can be transacted without risk to counterparties.
“The complementary nature of these two teams is unusual,” said President and COO John Melby, who served on both boards prior to the merger. “If you follow the trends, market participants are looking for authenticated information to make better decisions. This merger will put XCHG at the forefront of the Digital Commodity Ecosystem™.”
“Data is the new commodity,” said XCHG Chief Strategy Officer Nathan Rockliff. “Trillions of dollars are in flux due to the frozen liquidity of information. We plan to unlock that data and provide markets with unprecedented insights and opportunities. For the first time, it’s possible to map, buy, and sell unique attributes that are permanently traceable—from source to market.”
“Informed markets reduce risk and ensure accountability,” Madden said. “Digital Feedstock harnesses exponential data growth in order to meet demand for assurances about product integrity.”
“This is just the beginning,” Melby added. “We’re working on a host of Digital Feedstock–based products to meet burgeoning demand for differentiated commodities. We’ll soon be launching our first exchange-traded product, Responsibly Produced Natural Gas, transacted with ease and transparency.”
In addition to enriching markets with a wealth of new information and diverse product offerings, the merger brings an injection of capital that will support the company’s aggressive acquisition strategy. “We look forward to executing on our M&A pipeline, which will accelerate organic growth,” said Rockliff.
“Commodity markets were designed more than a century ago for a resource-rich, data-poor world,” Madden concluded. “Today’s world is rich in data, but resource-constrained. That’s the world XCHG is designed to serve. XCHG will be a transformative force in the market evolution that’s already underway.”
About CBL Markets
CBL Markets provides access to the world’s energy and environmental commodity markets, facilitating the secure and seamless trading of commodities like carbon, renewable energy, water, and gas. cblmarkets.com
Xpansiv transforms primary production data into Digital Feedstock, a new data format that delivers secure, comprehensive information to global markets. For the first time, commodities can be traded in a digital format that includes a deeper accounting of their true cost and value. xpansiv.com