Seeds of Wisdom RV and Economic Updates Tuesday Evening 4-1-25
Good Evening Dinar Recaps,
MASTERCARD WORKING ON BLOCKCHAIN TO CONNECT TRADFI AND CRYPTO: REPORT
Mastercard is developing a blockchain-powered Multi-Token Network to connect traditional financial institutions with the digital asset space.
The initiative, led by Raj Dhamodharan, Mastercard’s executive vice president of blockchain and digital assets, aims to provide a compliant, user-friendly experience for moving digital assets, similar to Venmo or Zelle, according to Business Insider
Mastercard is positioning itself as a key infrastructure provider in the growing blockchain ecosystem. By integrating its vast payment network with blockchain technology, the company seeks to enable seamless transactions between fiat and crypto markets.
Dhamodharan highlighted that financial institutions are increasingly interested in blockchain due to its potential to create new business models.
Mastercard partnerships
The network has already secured partnerships with JPMorgan and Standard Chartered, focusing on cross-border payments, tokenized deposits, and carbon credit transactions.
Mastercard has also introduced over 100 crypto-focused card programs worldwide, allowing its 3.5 billion cardholders to interact with digital assets.
Since 2015, Mastercard has filed over 250 blockchain-related patents and backed 43 startups in the sector. Recent collaborations include a November 2024 integration with JPMorgan to improve cross-border settlements and a February 2025 partnership with Ondo Finance to bring institutional financial assets on-chain.
Mastercard’s blockchain expansion comes as U.S. regulators provide more clarity on digital assets, encouraging traditional finance firms to engage with crypto. Dhamodharan believes the company is well-positioned to capitalize on this momentum, leveraging its scale to drive broader blockchain adoption.
@ Newshounds News™
Source: Crypto News
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UK DIGITAL ASSET EXCHANGE ARCHAX EXPANDS TO US WITH ACQUISITION
UK digital asset exchange Archax has acquired Globacap Private Markets Inc. (Globacap PMI) a US regulated broker dealer and alternative trading system (ATS). It bought the US company from fellow British startup Globacap which provides workflow solutions for private markets and is also active in the digital assets sector.
"The acquisition of Globacap PMI in the US builds on the strong partnership we already have with them in the UK, and is a part of that global strategy," said Graham Rodford, CEO and co-founder of Archax.
“In particular, we want to help support institutional market participants transition from traditional to digital assets and give them the regulated tools and services they need to do that. The US is an enormous and important global market – and with the recent change of government and new, clearer and more open regulated landscape, it is important for firms in our space to have a clear US strategy – and this transaction gives us just that.”
Archax has a multilateral trading facility (MTF) license in the UK and recently acquired a Spanish broker to give it a footprint in the EU. It trades both cryptocurrencies and tokenized securities, targeting institutions. It grabbed headlines when it revealed the big UK asset manager abrdn as an investor in 2022.
To date its tokenization efforts has especially focused on funds, but also bonds and carbon credits. In January it announced plans to tokenize existing equities and government debt so they are usable as DLT-based collateral.
@ Newshounds News™
Source: Ledger Insights
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