Trading Platform Lion Announces Move Into Carbon Finance Sector

Hong Kong’s Lion Group Holding, operator of an all-in-one trading platform has announced that it will offer carbon trading and financing.

Commenting on the move, Wang Chunning, CEO of Lion Group Holding, said: “I believe a differentiated green sustainable development strategy will greatly enhance competencies in all areas of our core business and we will be poised to take advantage of key ESG value creation opportunities.”

“Being a global service provider committed to full compliance coupled with Lion’s existing core competencies in Financial and Web3.0 technology paves a strong foundation on which to build Lion’s digital carbon trading business. With the building out and expansion of our digital carbon finance business, we will have huge development potential when it comes to the provision of carbon financial services for the carbon markets as well as driving the growth of carbon finance-related derivative products,” he added.

According to 2022 Review of Carbon Markets by Refinitiv, the total transaction volume of the global carbon market reached a record €865 billion euros in 2022 and is estimated to continue to grow, with already six consecutive years of growth in global carbon market transactions.

Under the backdrop of global consensus on climate action and carbon strategy, cooperation between financial institutions and related industries across the globe will play an increasingly important role within the carbon markets putting increased focus and value on digitalization to tackle issues such as consensus and liquidity.

Lion currently holds Securities and Futures Commission (SFC) Type 1, Type 2, Type 4, Type 5 and Type 9 licenses issued by the Hong Kong Securities Regulatory Commission, the Capital Markets Service (CMS) license issued by the Monetary Authority of Singapore and the full securities investment business license from the Cayman Islands Monetary Authority (CIMA) as well as a Digital Asset Self-Operated Trading license from the Dubai Multi Commodities Centre (DMCC).

#carbontrading #fintech

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