JPMorgan Chase is set to tokenize carbon credits through its blockchain unit, Onyx, in collaboration with SP Global Commodity Insights, EcoRegistry, and the International Carbon Registry. The initiative aims to convert carbon credits from these registries into blockchain tokens, enhancing the management of carbon credits from issuance to cancellation. The bank highlights the potential of blockchain to address inefficiencies, lack of standardization, and market fragmentation in the carbon credit market, proposing a unified tokenized ecosystem for seamless credit transfers.