Odaily News Payment giant Mastercard announced that it has successfully demonstrated a new functional solution that can support the tokenization (or encapsulation) of central bank digital currencies (CBDC) onto different chains to provide consumers with more payment options. The solution was developed in partnership with Cuscal and Mintable as part of a research project by the RBA and DFCRC to explore potential use cases for CBDC in Australia. In a live verification environment, Mastercard demonstrated how the solution enables holders of a pilot CBDC to purchase NFTs on the Ethereum chain, by “locking” the required amount of the pilot central bank digital currency on the RBA’s pilot CBDC platform, An equal amount of pilot CBDC encapsulated tokens were minted on Ethereum, and the transaction was completed. (Finextra)