Catenaa, Monday, April 07, 2025-Mastercard is advancing its blockchain strategy with a digital asset payment network designed to function like Venmo and Zelle, aiming to bridge traditional finance with blockchain technology.
The company’s Multi-Token Network (MTN), launched in 2023, enables seamless transactions across digital assets while ensuring compliance with financial regulations, according to a report from Business Insider.
Raj Dhamodharan, Mastercard’s executive vice president of blockchain and digital assets, said the initiative is designed to provide a user-friendly and fully compliant framework for crypto payments, similar to mainstream peer-to-peer services in the U.S.
Mastercard is collaborating with major financial institutions such as JPMorgan and Standard Chartered to test applications including cross-border payments, deposit tokenization, and carbon credits. A February partnership with Ondo Finance also introduced support for tokenized money market funds and U.S. Treasuries.
To accelerate adoption, Mastercard has launched over 100 crypto card programs worldwide, offering prepaid and credit cards that enable crypto transactions and rewards conversion.
Since 2015, Mastercard has filed more than 250 blockchain-related patents and backed over 40 blockchain startups through its accelerator program, reinforcing its long-term commitment to integrating blockchain into financial infrastructure.
