Mastercard is developing a multi-token network that may integrate on-chain and off-chain asset flows

ChainCatcher reports that, according to Business Insider, Mastercard is developing a "Multi-Token Network" with the goal of replicating the success of its traditional payment network, providing digital asset transaction infrastructure for consumers, merchants, and financial institutions. This system will integrate on-chain and off-chain asset flows, ensuring compliance and optimizing user experience. Mastercard has collaborated with JPMorgan, Standard Chartered, and others to explore cross-border payment and carbon credit Token scenarios, having applied for over 250 blockchain-related patents since 2015.