Mastercard joins hands with Citi, JPMorgan and other US banking giants to conduct tokenized settlement trials

Odaily News Payment settlement giant MasterCard has teamed up with major US banking institutions such as Citigroup, Visa and JPMorgan Chase to test the use of distributed ledger technology for bank settlements through tokenization. It is reported that the cooperation between several banking giants and payment processors aims to test a shared ledger technology called the Regulatory Settlement Network (RSN). RSN enables tokenized assets such as treasury bonds, investment-grade debt instruments and commercial bank funds to be centrally settled. (Cointelgraph)