Payments giant Mastercard (MA) has connected its blockchain-based tokenized asset transfer system, Multi-Token Network (MTN), with JPMorgan (JPM) 's recently rebranded digital asset business, Kinexys (formerly Onyx), in a partnership aimed at enhancing B2B cross-border transfers, "providing greater transparency and faster settlement speeds, and reducing time zone friction". Tokenized foreign exchange is an attractive subset of blockchain-based real-world asset trends.
According to Hong Kong media reports, Standard Chartered Hong Kong, BlackRock and Mastercard will join hands to participate in the second phase of the "Digital Hong Kong Dollar" pilot program launched by the HKMA. The newly formed tripartite alliance will use an end-to-end approach to explore the application of tokenized investment. This potential solution allows investors to directly purchase tokenized assets from relevant asset managers through digital Hong Kong dollars or tokenized deposits a...
Payments giant Mastercard has teamed up with Mercuryo, a European crypto payments infrastructure provider, to launch a euro-denominated debit card that allows users to spend directly with cryptocurrencies stored in an uncustodial wallet. The service will charge a fee of €1.60 for issuance, €1 for monthly maintenance and a 0.95 per cent withdrawal fee from Mercuryo.
According to Singapore's Lianhe Zaobao, MasterCard is planning to do away with traditional credit card numbers and adopt "tokenization" technology to combat online fraud. This technology replaces sensitive data such as credit card numbers with randomly generated sequences of numbers (tokens)...