J.P. Morgan’s Kinexys Advances Blockchain Integration for Carbon Markets
J.P. Morgan's blockchain division, Kinexys Digital Assets, is developing a new application to tokenize carbon credits at the registry layer, aiming to enhance trust and efficiency in the voluntary carbon market (VCM). Key players like S&P Global Commodity Insights, EcoRegistry, and the International Carbon Registry are participating in exploratory testing.
The initiative follows extensive research with carbon market participants, culminating in a published paper on blockchain's potential to drive financial innovation across the ecosystem. Since 2015, Kinexys has been a leader in blockchain-based infrastructure for asset movement.