Mastercard Develops Multi-Token Network to Enhance Digital Asset Transactions

According to PANews, Mastercard is working on a 'Multi-Token Network' aimed at replicating the success of its traditional payment systems by providing infrastructure for digital asset transactions to consumers, merchants, and financial institutions. This system will integrate both on-chain and off-chain asset flows, ensuring compliance and optimizing user experience. Since 2015, Mastercard has applied for over 250 blockchain-related patents and is collaborating with institutions like JPMorgan Chase and Standard Chartered to explore scenarios such as cross-border payments and carbon credit tokenization.