JP Morgan Chase tests tokenized carbon credits system as crypto involvement deepens
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
JP Morgan Chase's Initiative: JP Morgan Chase, through its blockchain unit Kinexys, is launching a pilot program for tokenized carbon credits in partnership with S&P Global and other experts, aiming to improve trading efficiency and transparency in the voluntary carbon market.
Market Potential and Challenges: The global carbon credit market is projected to grow significantly by 2030, driven by net-zero commitments from major companies, although it faces skepticism regarding greenwashing and lacks a unified standard for tokenization.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
