News Explorer — Mastercard's MultiToken Network Will Explore Tokenized Bank Deposits in UK

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Jun 28, 5:00 pm

Coindesk

Mastercard's MultiToken Network Will Explore Tokenized Bank Deposits in UK

Mastercard is launching the MultiToken Network (MTN) to explore tokenized bank deposits and plans to expand to central bank digital currencies and regulated stablecoins. The initiative aims to bring programmability to bank deposits by making them digital assets on the blockchain. Mastercard intends to drive applications and use cases that align with its blockchain analytics application, Mastercard Crypto Credentials, to ensure compliance with regulations like anti-money laundering.

Mastercard is launching the MultiToken Network (MTN) to explore tokenized bank deposits and plans to expand to central bank digital currencies and regulated stablecoins. The initiative aims to bring programmability to bank deposits by making them digital assets on the blockchain. Mastercard intends to drive applications and use cases that align with its blockchain analytics application, Mastercard Crypto Credentials, to ensure compliance with regulations like anti-money laundering.

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