NZX highlighted in April this year that TZ1 was focused on the carbon registry business after identifying that this is an area currently under-served globally. The TZ1 team has been participating in an intensive selection process over the last six months.

NZX CEO, Mark Weldon said, "NZX invested in world-class infrastructure for the TZ1 Registry to provide the technology and transparency needed for the voluntary market to enter its next phase of development.

"The voluntary carbon market is in a major growth phase with both issuance of carbon credits and trade numbers growing strongly year on year. TZ1 is well placed to deliver registry services to this sector, which has been lacking true financial market infrastructure to date.

"This is a key milestone for NZX and TZ1. The business is heading in the right direction and according to plan," said Weldon. -- www.nzx.com