08:22 AM EDT, 07/02/2025 (MT Newswires) -- JPMorgan Chase's ( JPM ) blockchain unit Kinexys is developing a service for the tokenization of carbon credits in a collaboration with S&P Global ( SPGI ) Commodity Insights, EcoRegistry, and the International Carbon Registry, Bloomberg reported Wednesday.

The group is testing a new application that will tokenize carbon credits listed in registry systems managed by the three companies, aiming to assess if blockchain technology can be used for activities such as tracking the ownership of the credits, the report said.

JPMorgan ( JPM ) and S&P Global ( SPGI ) did not immediately reply to requests for comment from MT Newswires.

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