Mastercard and US banks collaborate to streamline settlement of tokenized assets.
- Mastercard and US banks collaborate on shared-ledger tech, aiming to streamline settlement of tokenized assets.
- Major US banks seek SEC assistance for Bitcoin ETF participation amidst regulatory hurdles.
- Republic First Bank’s closure underscores banking sector challenges, prompting calls for regulatory adjustments.
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…
The post Mastercard and US banks collaborate to streamline settlement of tokenized assets. appeared first on Coin Edition.
Read More
Mastercard and US banks collaborate to streamline settlement of tokenized assets.
- Mastercard and US banks collaborate on shared-ledger tech, aiming to streamline settlement of tokenized assets.
- Major US banks seek SEC assistance for Bitcoin ETF participation amidst regulatory hurdles.
- Republic First Bank’s closure underscores banking sector challenges, prompting calls for regulatory adjustments.
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…
The post Mastercard and US banks collaborate to streamline settlement of tokenized assets. appeared first on Coin Edition.
Read More