NYSE and Intrinsic Exchange Group Partner to Launch a New Asset Class to Power a Sustainable Future
Natural Asset Companies, or NACs, will list and trade on the NYSE, creating a new market whose assets generate trillions of dollars in ecosystem services annually
NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (NYSE), part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, and Intrinsic Exchange Group (IEG) announced today that they are jointly developing a new class of publicly traded assets called Natural Asset Companies, or NACs. NACs are sustainable enterprises that hold the rights to ecosystem services produced by natural, working or hybrid lands.