Mastercard is developing a multi-token network, which may integrate the flow of on-chain and off-chain assets

According to Business Insider, Mastercard is developing a "Multi-Token Network" with the aim of replicating the success of its traditional payment network and providing digital asset trading infrastructure for consumers, merchants, and financial institutions.

This system will integrate on-chain and off-chain asset flows, ensure compliance and optimize user experience. Mastercard has collaborated with JPMorgan Chase, Standard Chartered and others to explore scenarios such as cross-border payments and carbon credit tokenization. Since 2015, it has applied for more than 250 blockchain-related patents.