JPMorgan’s Blockchain Unit Kinexys and S&P Global Test Carbon Credit Tokenization

Odaily Planet Daily reported that JPMorgan's blockchain division, Kinexys, has partnered with S&P Global to explore the tokenization, management, and issuance of carbon credits, aiming to leverage blockchain technology to enhance the transparency and market liquidity of carbon credits. The project focuses on testing blockchain applications in the lifecycle management of carbon credits, data compatibility, and registry access. Keerthi Moudgal, head of Kinexys, stated that both parties are committed to establishing standardized infrastructure to drive financial innovation. Kinexys, as JPMorgan's private blockchain network, processes daily transactions worth $2 billion. (CoinDesk)