ESG & Investing

JPMorgan’s Blockchain Unit Explores Tokenizing Carbon Credits

A carbon credit represents one ton of CO2 emissions that have been removed from — or not added to — the atmosphere, typically generated from forestry or renewable energy projects.Photographer: Guillem Sartorio/Bloomberg

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By Alastair Marsh

July 2, 2025 at 11:00 AM UTC

JPMorgan Chase & Co. is developing a new service to tokenize carbon credits and is partnering with a trio of carbon companies for an initial trial.

Kinexys, the US bank’s blockchain unit, is teaming up with S&P Global Commodity Insights, EcoRegistry and the International Carbon Registry to test a new application that will tokenize credits listed in registry systems overseen by the three companies, according to a statement on Wednesday. The companies will explore whether blockchain technology can be applied to regular activities such as tracking ownership of credits from issuance to retirement.