📱Mastercard Collaborates with Citi and JPMorgan to Test DLT Settlements

📱Mastercard Collaborates with Citi and JPMorgan to Test DLT Settlements

Americans🇺🇸 are exploring the viability of conducting settlements using tokenized assets (such as central bank wholesale money, US Treasury bonds, and investment-grade bonds) - using a unique regulated platform for this purpose. Essentially, they are discussing modeling transactions in USD, including cross-border payments.

🔠 The primary aim of these tests is to reduce risks, both in terms of fraud and calculation errors.

🔠 The research is overseen by the Securities Industry and Financial Markets Association (SIFMA) in the United States.

🔠 In addition to Mastercard, Citi, and JPMorgan, a dozen other US companies will participate in the new trial, including Bancorp, Wells Fargo & Co., Visa Inc., Swift, TD Bank NA, and Zions Bancorp.

👉 DLT - Distributed Ledger Technology, which distributes data among multiple communication nodes or among different physical devices. It is used in blockchain.

DLT (Distributed Ledger Technology) distributes data among multiple communication nodes or different physical devices. It is used in blockchain.

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