Carbon

Credits

JPMorgan

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         <li><strong>JPMorgan’s blockchain arm Kinexys has partnered with S&amp;P Global to pilot tokenized carbon credits, aiming to enhance transparency, efficiency, and liquidity in carbon markets using blockchain technology.</strong></li>
         <li><strong>The initiative marks a significant step in standardizing carbon credit infrastructure while expanding JPMorgan’s footprint.</strong></li>
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        <p>JPMorgan’s blockchain division, Kinexys, has partnered with S&amp;P Global Commodity Insights to pilot a new initiative focused on the tokenization of carbon credits. This collaboration aims to create a standardized blockchain-based infrastructure for managing, issuing, and tracking carbon credits</p>
        <p>Notably, this move could, in a ig way, enhance transparency and liquidity in carbon markets.</p>
        <p>Carbon credits are tradable certificates that represent the reduction of one metric ton of carbon dioxide or its equivalent in other greenhouse gases. Companies often purchase these credits to offset their carbon emissions, supporting climate-positive projects such as reforestation, renewable energy, and carbon capture.</p>
        <p>The initiative by Kinexys and S&amp;P Global will explore how blockchain technology can be used to streamline the lifecycle of carbon credits, from creation to retirement. Blockchain’s immutable ledger and decentralized design are expected to improve trust in carbon markets by ensuring data compatibility, enhancing access to registries, and providing real-time tracking of carbon credit ownership and activity.</p>
        <p>Keerthi Moudgal, head of product at Kinexys Digital Assets, <a href="https://www.spglobal.com/en/press/press-release/sp-global-commodity-insights-exploratory-testing-with-jp-morgan" target="_blank" rel="noopener noreferrer nofollow">said</a> the goal is to build</p>
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         <p>standardized infrastructure that enhances information and price transparency,</p>
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        <p>paving the way for greater innovation and more robust financial markets.</p>
        <p>This infrastructure could become the foundation for a next-generation carbon market that is more open, efficient, and accessible.</p>
        <p>The pilot underscores JPMorgan’s growing influence in the fast-evolving tokenization sector. Tokenization refers to the digital representation of real-world assets, such as stocks, bonds, or carbon credits, on blockchain networks.</p>
        <p>This method promises significant operational efficiencies, 24/7 transaction capabilities, and improved settlement processes.</p>
        <p>JPMorgan has been at the forefront of <a href="https://www.ethnews.com/link-breaks-out-as-jpmorgan-ondo-finance-complete-crosschain-settlement-via-chainlink/" target="_blank" rel="noopener noreferrer nofollow">tokenization initiatives</a> through its Kinexys platform, formerly known as Onyx and JPM Coin. The bank’s private blockchain currently processes over $2 billion in transactions daily.</p>
        <p>In June, Kinexys also launched a pilot for JPMD, a blockchain-based deposit token built on Coinbase’s Ethereum Layer-2 network, Base.</p>
        <p>The carbon credit pilot with S&amp;P Global positions Kinexys to contribute directly to sustainable finance solutions, aligning with global efforts to combat climate change while pushing forward the boundaries of blockchain adoption in traditional finance.</p>
        <p>As <a href="https://www.ethnews.com/why-jpmorgan-thinks-bitcoin-production-now-costs-45000/" target="_blank" rel="noopener noreferrer nofollow">climate concerns and regulatory pressures mount,</a> the demand for transparent and efficient carbon offset markets is growing rapidly. By leveraging blockchain’s capabilities, Kinexys and S&amp;P Global aim to modernize the carbon ecosystem, helping institutions meet their environmental, social, and governance (ESG) goals with greater confidence and clarity.</p>
        <p>The success of this pilot could encourage other global financial institutions to follow suit, further integrating blockchain technology into sustainability initiatives and transforming how the world addresses carbon accountability.</p>
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<p>The post <a href="https://www.ethnews.com/jpmorgans-kinexys-pilots-tokenized-carbon-credits-with-sp-global/" rel="noopener noreferrer nofollow">JPMorgan’s Kinexys Pilots Tokenized Carbon Credits With S&amp;P Global</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.</p>

JPMorgan’s Kinexys Pilots Tokenized Carbon Credits With S&P Global

ETHNews

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