• The stock exchange will connect green investors and sustainable companies.
• Approval was granted after a stringent review by the SEC in line with its ideals.

The Green Impact Exchange (GIX), the U.S.'s first green stock exchange, has received approval from the U.S. Securities and Exchange Commission (SEC) to become a national stock exchange.

GIX has already submitted Form 1—an important document for any organisation that wants to operate as a formal stock exchange in the country—which was approved after the SEC reviewed it.

This is a moment of great achievement for GIX, as the long-drawn-out process complied with the strict SEC guidelines for transparency, market integrity, and investor protection.

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GIX is all set to launch a marketplace for companies and businesses focused on sustainability, innovation, and long-term value creation. Their object is to attract investors who deal in environmental, social, and governance (ESG) and responsible investing. And, the platform is expected to roll out in 2026.

GIX CEO and co-founder Dan Labovitz said: "The approval order is an important step forward for sustainability-minded investors and companies. We are grateful to the SEC Commissioners and staff for their thoughtful engagement throughout the application process and their support for market-driven innovations that will improve capital formation. We look forward to launching the Green Impact Exchange."

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Source: GIX