NICE, 16 June 2025 – TP ICAP Group plc, a leading global provider of market infrastructure, today announced its appointment as the exclusive distribution partner for the first-ever Mediterranean Blue Carbon Credits, unveiled at the third United Nations Ocean Conference (UNOC-3). The credits are issued by the ELYX Foundation, a French environmental NGO supported by the United Nations, and certified by the French Government.

This groundbreaking initiative, endorsed by the French Ministry for Ecological Transition, Biodiversity, Forests, the Sea and Fisheries, along with regional and maritime authorities, marks a major milestone in the evolution of impact finance and marine conservation.

The credits are generated through the ELYX Foundation’s project to protect and restore Posidonia seagrass meadows in the French Mediterranean. These underwater meadows are vital carbon sinks, essential for mitigating climate change, preserving marine biodiversity, and shielding coastlines from erosion. However, they are increasingly threatened by recreational boat anchoring and other human activities.

Over 32,000 Blue Carbon Credits—representing the protection of 6,500 hectares of Posidonia—have been certified and brought to market. The French Ministry for Europe and Foreign Affairs (MEAE) will be the first purchaser, underscoring the government’s commitment to pioneering climate solutions.

Pierre-Alexandre Moussa, Head of Climate, Impact and Sustainable Investment Solutions at TP ICAP, commented:

“The certification of the first Mediterranean Blue Carbon Credits by the French Government is a transformative moment for impact finance in Europe. We are proud to bring our expertise to this initiative, which blends scientific integrity, technological innovation, and measurable environmental benefits.

This project exemplifies how the financial sector can foster new models of public-private collaboration to address climate challenges. It also reinforces our commitment to advancing the UN Sustainable Development Goals and accelerating the transition to a low-carbon economy.”

ENDS

PRESS CONTACT
•    TP ICAP
Tom GILBERT | +44 7741231950 | thomas.gilbert@tpicap.com
•    H/Advisors Havas Paris
Alexandre SÉHIER | +33 6 07 03 65 33 | alexandre.sehier-vilmart@havas.com

ABOUT TP ICAP GROUP PLC 
Through our people and technology, TP ICAP connects buyers and sellers in global financial, energy, and commodities markets. We are a world-leading provider of OTC liquidity and data solutions, with a portfolio of industry-leading brands that include ICAP, Tullett Prebon, PVM, Liquidnet and Parameta Solutions. These businesses provide broking services, data & analytics, and market intelligence that are trusted by clients globally. We operate from more than 60 offices across 28 countries. www.tpicap.com