The Indonesia Stock Exchange (IDX) has signed a memorandum of understanding with Singaporean fintech firm MetaVerse Green Exchange (MVGX) to develop a carbon trading system in Indonesia, Techinasia reported. Foresight News notes that MVGX was established in 2018 to provide carbon-as-a-service solutions supported by its blockchain-based digital asset trading platform, and has currently obtained multiple licenses from the Monetary Authority of Singapore, including a field operator license and capital market services license.