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Benzinga
Benzinga
Business
Murtuza J Merchant

JPMorgan's Tests Carbon Credit Tokenization On The Blockchain

JPM JPMorgan blockchain JPMorgan Chase & Co Bitcoin
Jpmorgan,Chase,Logo,In,Front,Of,Company,Ceo,Jamie,Dimon.

JPMorgan Chase & Co. (NYSE:JPM) is working on a blockchain-powered system to tokenize carbon credits as part of its efforts to improve tracking, transparency, and trading efficiency in the carbon markets.

What Happened: The U.S. bank's blockchain division, Kinexys, is collaborating with S&P Global Commodity Insights, EcoRegistry, and the International Carbon Registry to launch a pilot project, Bloomberg reported.

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