JPMorgan promotes a unified tokenized carbon ecosystem where credits can move seamlessly between buyers and sellers, reducing fragmentation and inefficiency

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JPMorgan stated that carbon markets face challenges including inefficiencies, lack of standardization, transparency, and market fragmentation. The bank suggests a single tokenized carbon ecosystem where credits are seamlessly portable between sellers and buyers could help address these issues.

Applying tokenization techniques in carbon markets should reap benefits since they “face challenges, including inefficiencies and a lack of standardization, transparency and market fragmentation,” JPMorgan said in the statement. A single tokenized carbon ecosystem “in which credits are seamlessly portable between sellers and buyers” may contribute to addressing these challenges, the bank said.