JPMorgan’s Blockchain Arm Kinexys Tests Tokenized Carbon Credits with S&P Global
2025-07-02 19:24:48
Main Idea
JPMorgan's blockchain arm Kinexys is collaborating with S&P Global to test tokenized carbon credits, aiming to establish standardized blockchain-based carbon infrastructure.
Key Points
1. JPMorgan's Kinexys and S&P Global are exploring tokenization for managing and issuing carbon credits.
2. The initiative focuses on improving credit market liquidity through blockchain technology.
3. Tokenization promises more efficient operations, 24/7 settlements, and standardized infrastructure.
4. Kinexys, formerly Onyx and JPM Coin, currently handles $2 billion in daily transactions.
5. JPMorgan recently piloted a deposit token called JPMD on Ethereum's layer-2 network Base.
Description
Global bank JPMorgan’s blockchain arm Kinexys is working with S&P Global Commodity Insights to explore tokenization for managing and issuing carbon credits, the firms said on Wednesday. The project, according to a press release, focuses on testing how tokenized carbon credits can be created and tracked using blockchain infrastructure. These credits, which represent greenhouse gas reductions from projects like reforestation or renewable energy, are often bought by companies aiming to offset their...
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