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

JPMorgan's blockchain subsidiary Kinaxis is collaborating with S&P Global Commodity Insights to pilot tokenized carbon credits. The initiative explores blockchain's potential to streamline the creation, tracking, and management of emissions offsets—a market increasingly vital for corporate sustainability efforts.

The partnership will evaluate how distributed ledger technology handles critical functions like lifecycle management and registry interoperability. "Standardized infrastructure can unlock price transparency and market liquidity," said Kinaxis Digital Assets product head Keerthi Moudgal. The trial underscores Wall Street's accelerating adoption of tokenization, with institutions like BlackRock and Citi also developing blockchain-based asset solutions.

JPMorgan continues advancing its private blockchain network Kinaxis (formerly Onyx), which currently processes $2 billion daily. The carbon credit project represents another frontier in the bank's digital asset strategy, marrying environmental markets with blockchain's efficiency gains.