Coinspeaker
Mastercard Joins Citi and JPMorgan to Test DLT Settlements 

Mastercard, an American multinational payments company, said it has joined other prominent banks in the country to participate in a trial involving distributed ledger technology (DLT) to explore the potential for settling transactions.

According to a Bloomberg report on Wednesday, Mastercard, Citi, and JPMorgan will test a shared-ledger system that allows for the settlement of tokenized assets such as wholesale central bank money, US Treasuries, and investment-grade debt securities.

Assessing Cross-Border Transactions with RSN

The trial is part of the Regulated Settlement Network (RSN) program, which involves using its proof-of-concept (PoC) mechanism to simulate transactions in US dollars.

The main objective of the trial is to assess whether settling transactions on a common, regulated platform, following existing laws, can make cross-border transactions in USD faster, easier...