Mastercard And Major US Banks Collab To Test Tokenized Asset Settlement
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Mastercard’s disruptive collab with leading US banks to trial shared ledger technology for settling tokenized assets aims to simulate transactions in dollars improving cross-border transaction efficiency and reducing the risk of error and fraud. The assets include commercial-bank money, Treasury securities, and investment-grade debt securities. The ledger technology will recast the financial landscape. Notable participants in the trial include Citigroup Inc., JPMorgan Chase & Co., Visa Inc., and Swift.
