MASTERCARD WORKS ON TOKENIZED SETTLEMENT

Summary from the TLDR Crypto newsletter

Mastercard is partnering with major U.S. banking institutions like Citigroup, Visa, and JPMorgan to test a tokenized settlement system on a shared ledger platform, aiming to streamline multi-asset class settlements. This Regulated Settlement Network (RSN) trial integrates different asset types like treasuries and commercial bank money into a unified system, potentially improving settlement efficiency and lowering risks associated with traditional finance systems.