Mastercard working on blockchain to connect TradFi and crypto: report

Mastercard is developing a multi-token network powered by blockchain to connect traditional financial institutions to digital active space.

The initiative, led by Raj Dhamodharan, executive vice-president of Blockchain Mastercard and digital assets, aims to offer a compliant and user-friendly experience for the displacement of digital assets, similar to Vemo or Zelle, according to in Business Insider

Mastercard is positioned as a key infrastructure provider in the growing blockchain ecosystem. By integrating its vast payment network into Blockchain technology, the company seeks to allow transparent transactions between the Fiat and Crypto markets.

Dhamodharan stressed that financial institutions are increasingly interested in blockchain because of its potential for creating new commercial models.

MasterCard partnerships

The network has already Guaranteed partnerships With JPMorgan and Standard Charterd, focusing on cross -border paymentsTokenized deposits and carbon credit transactions.

Mastercard has also introduced more than 100 Crypto centered card programs worldwide, allowing its 3.5 billion card holders to interact with digital assets.

Since 2015, Mastercard has filed more than 250 patents related to the blockchain and supported 43 startups in the sector. Recent collaborations include an integration of November 2024 with JPMorgan to improve cross -border colonies and February 2025 Partnership with Ondo Finance To provide chain institutional financial assets.

The expansion of the Mastercard blockchain occurs while American regulators give more clarity on digital assets, encouraging traditional financing companies to engage with the crypto. Dhamodharan believes that the company is well placed to capitalize on this momentum, taking advantage of its scale to generate a wider adoption of the blockchain.