JPMorgan's blockchain division tests tokenization application for carbon credits

On July 3rd, The Block reported that JPMorgan's blockchain subsidiary, Kinexys, is partnering with S&P Global Commodity Insights, EcoRegistry, and the International Carbon Registry to test a carbon credit tokenization application. The collaboration aims to establish a unified tokenized carbon credit ecosystem, addressing market fragmentation and transparency issues. EcoRegistry and ICR have completed application testing, and S&P Global will conduct testing on its registry services platform. The testing focuses on account, project, and credit lifecycle management, with a particular emphasis on technical connectivity and data model compatibility. [深潮 TechFlow]