Mastercard Multi-Token Network product
Overview
The Multi-Token Network (MTN) is Mastercard's private, permissioned blockchain infrastructure for digital-asset payments, announced in June 2023 as a set of foundational capabilities intended to make transactions in blockchain ecosystems secure, scalable and interoperable. It began as a testbed, with a beta in the UK exploring tokenised bank deposits, and is designed to carry multiple asset types — tokenised bank deposits, stablecoins and tokenised real-world assets such as carbon credits or US Treasury tokens — under Mastercard's existing trust and compliance framework rather than on a public chain. The first application phase is powered by tokenised deposits: banks tokenise customer deposits and manage their lifecycle, while application providers get faster settlement, with the goal of 24/7 real-time interbank settlement. Mastercard executed its first live tokenised deposit and tokenised asset transactions with Standard Chartered Bank Hong Kong and affiliates, piloting the purchase of tokenised carbon credits with tokenised deposits alongside Mox Bank and Libeara. Mastercard announced MTN in June 2023 and ran a UK beta focused on tokenised bank deposits that summer. It later ran a live pilot with Standard Chartered Bank Hong Kong, Mox Bank and Libeara in which tokenised carbon credits were paid for with tokenised deposits.
Within the DeFi Intel graph, Mastercard Multi-Token Network connects to 18 tracked entities, most strongly to Mastercard, Mastercard, Standard Chartered.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 10 of 18 total).
| Relation | Connected entity | Confidence |
|---|---|---|
launched | Mastercard | 95% |
governs | Mastercard | 95% |
piloted_with | Standard Chartered | 95% |
integrates | Ondo Finance | 95% |
integrated_with | JPMorgan Kinexys | 95% |
integrates | JPMorgan Kinexys | 95% |
partnered_with | Libeara | 95% |
partnered_with | Mox Bank | 95% |
supports_token | USD Coin | 90% |
owns | Mastercard | 90% |
Frequently asked questions
What is Mastercard Multi-Token Network?
Mastercard Multi-Token Network is a tokenization / settlement tracked in the DeFi Intel knowledge graph. It is connected to 18 other tracked entities, most strongly to Mastercard, Mastercard, Standard Chartered.
What type of entity is Mastercard Multi-Token Network?
Mastercard Multi-Token Network is classified as a tokenization / settlement (product) in the DeFi Intel knowledge graph.
What is Mastercard Multi-Token Network connected to?
In the DeFi Intel knowledge graph, Mastercard Multi-Token Network is linked to 18 other tracked entities, most strongly to Mastercard, Mastercard, Standard Chartered.
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