JPMorgan and S&P Global Collaborate on Blockchain-Based Carbon Credit Management

According to Odaily, JPMorgan's blockchain division, Kinexys, has partnered with S&P Global to explore the tokenization and management of carbon credits. The initiative aims to enhance transparency and market liquidity using blockchain technology. The project focuses on testing blockchain applications in managing the lifecycle of carbon credits, ensuring data compatibility, and facilitating registry access. Keerthi Moudgal, head of Kinexys, stated that both parties are committed to establishing standardized infrastructure to drive financial innovation. Kinexys operates as JPMorgan's private blockchain network, with a daily transaction volume of $2 billion.