Mastercard, in collaboration with major U.S. financial institutions including Citi, JPMorgan, and the New York Federal Reserve, is testing a new ledger technology aimed at facilitating the common settlement of tokenized assets. This initiative involves simulating multi-asset transactions in U.S. dollars to explore the potential of shared ledger technology. The project, which also sees participation from Visa, marks a significant step towards the adoption of distributed ledger technology in mainstream banking payments.
JPMorgan and Visa jump into ambitious tokenisation project in bullish sign for digital ledgers https://t.co/wcx0O5UU9n
Mastercard is joining U.S. banking giants to develop distributed ledger technology for banking payments using tokenization https://t.co/H0sgGiBE1V
Mastercard, Citi, JPMorgan Test Ledger for Settling Bank Money https://t.co/NqRAWw1dun
Mastercard is joining with financial institutions to test ledger technology that would allow the common settlement of tokenized assets https://t.co/mr50bK8WL1
Key participants in the U.S. financial industry, including @Citi, @jpmorgan, @NewYorkFed and others will explore sharing ledger technology by simulating multiasset transactions in U.S. dollars. By @Amitoj https://t.co/Iseu0RNKaI