Mastercard is launching the Multi-Token Network (MTN) testbed in the UK, exploring tokenized bank deposits and aiming to expand to central bank digital currencies and regulated stablecoins.
MTN seeks to revolutionize banking by tokenizing traditional money, bringing programmability to bank deposits and enabling seamless cross-border transfers of value.
Mastercard is making a significant move in the blockchain and cryptocurrency realm with its latest project, the Multi-Token Network (MTN). This testbed, set to launch in the UK, will initially focus on tokenized bank deposits and potentially pave the way for central bank digital currencies and regulated stablecoins.
Under the leadership of Raj Dhamodharan, head of crypto and blockchain at Mastercard, MTN aims to transform the way money is managed in bank accounts. By tokenizing bank deposits, the traditional unit of money becomes a digital asset on the blockchain, introducing programmability akin to cryptocurrencies.
MTN’s primary focu

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