Mastercard has developed a technology that allows central bank digital currencies (CBDCs) to be tokenized on multiple blockchains. This solution enables the wrapping of CBDCs onto different blockchain networks, enhancing convenience and security for consumers. The technology was tested in collaboration with Cuscal and Mintable, as part of a pilot project with the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC). The demonstration showcased interoperability between the RBA’s platform and the Ethereum public blockchain, with transactional control enforced through pre-approved Ethereum wallets. This technology is part of Mastercard’s Multi Token Network initiative, which aims to enhance blockchain-based payment and commerce solutions.

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Information	Details
Geography	Australia
Countries	🇦🇺
Sentiment	neutral
Relevance Score	1
People	None
Companies	Reserve Bank of Australia (RBA), Mastercard, Mintable, Digital Finance Cooperative Research Centre (DFCRC), Cuscal
Currencies	Ethereum
Securities	None