JPMorgan’s Blockchain Arm Onyx Tests Tokenized Carbon Credits with S&P Global

Wall Street meets Web3 as banking giant JPMorgan pushes deeper into blockchain-based environmental markets.

Onyx by JPMorgan—the institutional blockchain division quietly building Wall Street's digital future—just partnered with S&P Global to pilot tokenized carbon credits. Because nothing says 'saving the planet' like financializing it.

The test run reportedly involves digitizing carbon offsets on a private Ethereum-based ledger. No word yet on whether the credits will trade at a premium for being blockchain-flavored.

This marks Onyx's latest move to drag traditional finance into the tokenization era—following previous experiments with repo markets and cross-border payments. Because if there's one thing Wall Street loves more than profits, it's rebranding old products with new tech buzzwords.