TECH - Mastercard's New Tech Could Change How Banks Handle Money and Securities | Benzinga
Mastercard Inc (NYSE:MA) is collaborating with major U.S. banks to test a shared-ledger technology that will enable the unified settlement of tokenized assets, including commercial bank money and Treasury and investment-grade debt securities.
This Regulated Settlement Network proof-of-concept will simulate dollar transactions, aiming to simplify and speed up international and system-wide transactions while reducing errors and fraud risks, Bloomberg cites a Mastercard statement.
The new ledger technology can revolutionize financial ...