Your direct
path to environmental
certificates

Absolute certainty

Full control

Real-time prices

Viridian Exchange - clear, safe and in control.

Viridian Exchange makes the environmental certificate market accessible to everyone. No complexity. No hidden costs. Just a smarter way to meet your compliance needs.

Join the fast lane.

Want to know more or register?
Experience what direct access feels like when transparency, security, and simplicity are the standard.

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Who Viridian is for

Viridian is open to all KYC-approved legal entities, including:

- Compliance entities
- Utilities and energy companies
- Traders, banks, and funds

Whether you trade occasionally or actively manage compliance exposure, Viridian gives you direct and transparent market access.

Get started in minutes

'View the markets, instantly.'

Become a view-only client in under a minute.
Simply register online or contact our onboarding team. A company name and website are sufficient to explore prices and liquidity.

Start trading — in 10 minutes
Upgrade to a trading account via our fully digital KYC process.
The onboarding takes no more than ten minutes. Once approved, you can trade immediately.

'No paperwork. No delays. No onboarding hassle.'

Transparent pricing - nothing hidden

Viridian is built to eliminate unnecessary cost layers.

- No membership fees
- No clearing fees
- No intermediary or broker fees
- No charges for non-traded orders
- No minimum activity requirements

Trading on Viridian is free for now.

'That's it!'

What you can trade on Viridian

Available now:
- European Union Allowances (EUA) — 3 maturities

Coming soon:
- European Guarantees of Origin (GO)
  - Wind, Solar, Hydro — 3 maturities each (from Q2 2026)
- United Kingdom Allowances (UKA) — 4 maturities (from 2027)
- ETS II allowances (from 2027)

All instruments are traded in contract size 1, with instrument-specific minimum volumes (e.g. EUA minimum: 100 allowances).

Your assets, always yours

At Viridian, you retain full ownership of both your cash and certificates at all times.

- Cash is held in a segregated client bank account (RAV)
- Certificates are held in fully segregated custody
- Assets never appear on Viridian’s or AFS’s balance sheet

This structure ensures maximum protection and transparency.

Built on regulation and trust

Viridian operates within the fully licensed infrastructure of the AFS Group and is subject to strict regulatory oversight.

- Regulated by the Dutch Authority for the Financial Markets (AFM)
- Prudential supervision by De Nederlandsche Bank (DNB)
- Trading takes place on a MiFID II–licensed Multilateral Trading Facility (MTF)

You trade on a regulated exchange, not just a platform.

Secure settlement - delivery versus payment

Settlement only takes place when both cash and certificates are confirmed.

- No payment without delivery
- No delivery without payment
- Instant delivery versus payment (DvP)

If a counterparty fails to perform, AFS ensures settlement for the performing party — protecting your position and your outcome.

R-143a - pipes of airconditioners

Why clients choose Viridian

- Direct market access at real-time prices
- Fully regulated and compliant
- Simple onboarding, fast execution
- Transparent fees, no suprises
- Maximum asset protection
- Full control, always

Viridian Exchange
Trade smarter. Trade safer. Stay in control.

The Viridian Exchange flow explained

  1. You want to buy EUAs and send in Viridian a buy order with price and amount.
  2. You want to sell EUAs and send in Viridian a sell order with price and amount.
  3. If your order matches immediately, which means that someone else has an opposite order at the same price and with the same volume, you immediately have a transaction. If your order does not (yet) match, it will be placed in the order book and will be visible to get bought or sold.
  4. So, if volume and price are the same, matching of the orders takes place on the MTF.A regulatory-controlled environment under clearly defined rules that can also be read in the MTF rule book.
  5. After the match, the MTF automatically provides instructions for the settlement of the transaction to AFS-Execution and AFS-Foundation.
  6. One day before actual settlement, you as buying client may deposit your money for your purchase into your own dedicated bank account (the RAV). If you don’t have a own dedicated bank account, you can also send your money to AFS Execution bank account.
  7. One day before actual settlement, you as selling client may transfer your certificates to the certificate register of AFS Foundation.
  8. At settlement, AFS Execution and AFS Foundation checks whether the money and certificates are there.
  9. If money and certificates are in place, AFS execution transfers the money to the dedicated bank account of the seller and at the same time AFS-Foundation transfers the certificates to the buyer's registry. This process is called instant delivery versus payment.

Why is the Viridian process so extremely safe
In the unlikely event that, after you send your money or certificates and before actual settlement, AFS (or one of the subsidiaries of AFS) goes in default the money on your dedicated account and the certificates in AFS Foundation don’t belong with the company’s inventory (assets) and therefore do not go along with bankruptcy.  If one of the counter parties of your transaction fails to pay or deliver the certificates, AFS will not transfer certificates to the buyer who didn’t pay or transfer money to the seller who didn’t deliver. AFS will take over the non-performing part of the transaction to still settle the transaction for the performing counterparty.

Take control
of your EUA trading

Join the fast lane.

Get free access ⟶
Contact Viridian ⟶

Take control
of your EUA
trading

EUA trading, finally at your fingertips. Experience what direct access feels like when transparency, security, and simplicity are the standard.

Join the
fast lane

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