令牌化，碳信貸和JP Morgan：華爾街區塊鏈動作上的紐約分鐘

摩根大通的區塊鏈臂Kinexys正在引起令牌化的波浪，尤其是在碳信用額的情況下。讓我們分解關鍵發展及其對未來的意義。

Yo, what's the deal with Tokenization, Carbon Credits, and JP Morgan? Simply put, Kinexys, JP Morgan's blockchain division, is exploring tokenization for carbon credits. This could revolutionize how companies manage and offset their carbon emissions. Let's dive into what this all means.

喲，令牌化，碳信用額和JP Morgan有什麼關係？簡而言之，JP Morgan的區塊鏈部門Kinexys正在探索碳信用額的令牌化。這可能會徹底改變公司如何管理和抵消其碳排放。讓我們深入了解這一切的含義。

JP Morgan and S&P Global: Tokenizing Carbon Credits

JP Morgan和S＆P Global：diskenizing碳信用額

Word on the street is that Kinexys is teaming up with S&P Global Commodity Insights to test how tokenized carbon credits can be created and tracked using blockchain tech. These credits represent greenhouse gas reductions, and tokenization could bring more transparency and efficiency to the market. As Keerthi Moudgal from Kinexys Digital Assets puts it, the goal is to establish standardized infrastructure for better information and price transparency, paving the way for financial innovation.

街上的消息是，Kinexys正在與S＆P Global Cossingity Insights合作，以測試可以使用區塊鏈技術創建和跟踪標記的碳信用額。這些信用代表了減少溫室氣體，令牌化可以為市場帶來更高的透明度和效率。正如Kinexys Digital Assets所說的Keerthi Moudgal所說，目標是建立標準化的基礎架構，以提高信息和價格透明度，為金融創新鋪平了道路。

The Bigger Picture: Tokenization's Rise

更大的前景：令牌化的崛起

JP Morgan ain't the only player in the tokenization game. Big names like BlackRock, HSBC, and Citi are also getting in on it. Tokenization uses blockchain to transact with traditional financial instruments, promising faster settlements and increased transparency. JP Morgan's Kinexys network is already settling $2 billion in daily transactions, and they even piloted a deposit token called JPMD on Coinbase's Base network.

JP Morgan並不是令牌化遊戲中唯一的玩家。貝萊德（Blackrock），匯豐（Hsbc）和花旗（Citi）等大人物也正在加入。令牌化使用區塊鏈與傳統金融工具進行交易，有望更快的定居點和提高透明度。 JP Morgan的Kinexys網絡已經在每日交易中達成20億美元，他們甚至在Coinbase的基本網絡上駕駛了一個名為JPMD的存款令牌。

Deposit Tokens: The Next Big Thing?

存款令牌：下一件大事？

Speaking of deposit tokens, Kinexys has been making moves. They've launched a permissioned US dollar deposit token, JPMD, on the Base blockchain. This could be a game-changer, offering a reliable alternative to stablecoins for institutional clients. As Jason Barraza from Security Token Market notes, deposit tokens represent commercial bank money and could potentially pay interest, something regulated stablecoins can't do.

說到存款令牌，Kinexys一直在採取行動。他們已經在基本區塊鏈上推出了一份許可的美元存款令牌JPMD。這可能是改變遊戲規則的人，為機構客戶提供了可靠的穩定劑替代品。正如Security Marken Market Notes的Jason Barraza一樣，存款代幣代表商業銀行的貨幣並有可能支付利息，受監管的StableCoins無法做到這一點。

Stablecoins vs. Deposit Tokens: A Regulatory Showdown?

Stablecoins與存款令牌：監管攤牌？

The US Senate passed the GENIUS Act, providing a regulatory framework for stablecoins, but some argue that deposit tokens might face regulatory hurdles. Alex Thorn from Galaxy Digital points out that tokenized deposits are essentially IOUs for bank deposits and might only be transferable among the bank's account holders. Regulators might even decide to treat them the same way as regulated stablecoins.

美國參議院通過了《天才法》，為穩定幣提供了一個監管框架，但有人認為，存款令牌可能面臨監管障礙。 Galaxy Digital的Alex Thorn指出，令牌化的存款本質上是銀行存款的，只有在銀行的帳戶持有人之間可以轉讓。監管機構甚至可能決定以與受監管的穩定劑相同的方式對待它們。

The Future is Now

未來現在是

Despite the regulatory uncertainties, tokenization is gaining momentum. Bain & Company reports that the supply of stablecoins has exploded since 2019. Circle has even completed an IPO, and Societe Generale-FORGE is launching new stablecoins. As Julian Sawyer from Zodia Custody puts it, institutional adoption is becoming a reality, driven by regulatory clarity and the need for faster payments.

儘管有監管不確定性，但令牌化仍在增強。 Bain＆Company報告說，自2019年以來，Stablecoins的供應已經爆炸。 Circle甚至完成了IPO，Societe Generale-Forge正在推出新的Stablecoins。正如Zodia監護權所說的朱利安·索耶（Julian Sawyer）所說，在監管清晰度和對更快付款的需求的推動下，機構採用正成為現實。

Final Thoughts

最後的想法

So, what's the takeaway? Tokenization is here to stay, and JP Morgan is at the forefront of this financial revolution. Whether it's carbon credits, deposit tokens, or stablecoins, the blockchain is transforming Wall Street, one transaction at a time. Keep your eyes peeled, because this is just the beginning!

那麼，收穫是什麼？令牌化將留在這裡，JP Morgan處於這項金融革命的最前沿。無論是碳信用額，沉積令牌還是穩定幣，區塊鏈一次都會改變華爾街，一次交易。睜大眼睛，因為這只是開始！