Mastercard and US banks collaborate to streamline settlement of tokenized assets.
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Mastercard, in collaboration with major US banks, is pioneering a new frontier in financial technology by testing shared-ledger technology as per Bloomberg report. This innovation aims to enable the seamless settlement of tokenized assets, including commercial bank money and various securities such as Treasury bonds and investment-grade debt.
The initiative, known as the Regulated Settlement Network proof-of-concept, seeks to streamline transactions in dollars, with the ultimate goal of enhancing cross-border transaction efficiency while minimizing errors and fraud risks.
Ledger technology holds transformative potential, potentially revolutioni…
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