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JPMorgan Chase is launching a new service to tokenize carbon credits through its blockchain subsidiary, Kinexys. The initiative involves a pilot program in partnership with three carbon-focused companies, including S&P Global, to explore how blockchain technology can enhance the transparency, liquidity, and standardization of the carbon credit market. This effort aims to address issues such as fraud and double-counting in the carbon offsets market, which is projected to grow to a $2 trillion industry by 2030. The pilot represents a move by Wall Street to bring greater accountability to carbon markets by leveraging blockchain solutions.
From #CBAM to “liquid gold,” global #political signals on #fossilfuels & clean #energy couldn’t be more divided. The global #energy transition is accelerating—but unevenly: @mannat_jaspal & Jesse Scott https://t.co/XB9fPPyg4S
.@jpmorgan is now testing tokenized carbon credits on-chain https://t.co/DWacNzuNVu https://t.co/aKqEaqZTNh
Wall Street Wants to Clean Up Carbon Markets—with Blockchain🌐 @JPMorgan is tokenizing carbon offsets with S&P Global and others to tackle fraud and double-counting If it works, it could bring real accountability to a $2T market by 2030🚀 Infra plays are getting greener https://t.co/LjB3wdoNze
