令牌化，碳信贷和JP Morgan：华尔街区块链动作上的纽约分钟

摩根大通的区块链臂Kinexys正在引起令牌化的波浪，尤其是在碳信用额的情况下。让我们分解关键发展及其对未来的意义。

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.

哟，令牌化，碳信用额和JP Morgan有什么关系？简而言之，JP Morgan的区块链部门Kinexys正在探索碳信用额的令牌化。这可能会彻底改变公司如何管理和抵消其碳排放。让我们深入了解这一切的含义。

JP Morgan and S&P Global: Tokenizing Carbon Credits

JP Morgan和S＆P Global：diskenizing碳信用额

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正在与S＆P Global Cossingity Insights合作，以测试可以使用区块链技术创建和跟踪标记的碳信用额。这些信用代表了减少温室气体，令牌化可以为市场带来更高的透明度和效率。正如Kinexys Digital Assets所说的Keerthi Moudgal所说，目标是建立标准化的基础架构，以提高信息和价格透明度，为金融创新铺平了道路。

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并不是令牌化游戏中唯一的玩家。贝莱德（Blackrock），汇丰（Hsbc）和花旗（Citi）等大人物也正在加入。令牌化使用区块链与传统金融工具进行交易，有望更快的定居点和提高透明度。 JP Morgan的Kinexys网络已经在每日交易中达成20亿美元，他们甚至在Coinbase的基本网络上驾驶了一个名为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.

说到存款令牌，Kinexys一直在采取行动。他们已经在基本区块链上推出了一份许可的美元存款令牌JPMD。这可能是改变游戏规则的人，为机构客户提供了可靠的稳定剂替代品。正如Security Marken Market Notes的Jason Barraza一样，存款代币代表商业银行的货币并有可能支付利息，受监管的StableCoins无法做到这一点。

Stablecoins vs. Deposit Tokens: A Regulatory Showdown?

Stablecoins与存款令牌：监管摊牌？

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.

美国参议院通过了《天才法》，为稳定币提供了一个监管框架，但有人认为，存款令牌可能面临监管障碍。 Galaxy Digital的Alex Thorn指出，令牌化的存款本质上是银行存款的，只有在银行的帐户持有人之间可以转让。监管机构甚至可能决定以与受监管的稳定剂相同的方式对待它们。

The Future is Now

未来现在是

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.

尽管有监管不确定性，但令牌化仍在增强。 Bain＆Company报告说，自2019年以来，Stablecoins的供应已经爆炸。Circle甚至完成了IPO，Societe Generale-Forge正在推出新的Stablecoins。正如Zodia监护权所说的朱利安·索耶（Julian Sawyer）所说，在监管清晰度和对更快付款的需求的推动下，机构采用正成为现实。

Final Thoughts

最后的想法

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!

那么，收获是什么？令牌化将留在这里，JP Morgan处于这项金融革命的最前沿。无论是碳信用额，沉积令牌还是稳定币，区块链一次都会改变华尔街，一次交易。睁大眼睛，因为这只是开始！