Mastercard secures New York BitLicense for crypto operations
The payments giant can now legally conduct digital asset business activity in New York as it deepens its focus on blockchain-based settlement systems....
Key takeaways
- 1Mastercard secured New York BitLicense to conduct regulated digital asset business, focusing on stablecoins and tokenized deposits.
- 2Mastercard acquiring stablecoin infrastructure company BVNK for up to $1.8 billion, expected to close later this year.
- 3Tokenization market excluding stablecoins valued at over $33.8 billion; Mastercard completed first cross-border US Treasury transaction on XRP Ledger.
Coins in this story
Why it matters
Traditional financial giants entering regulated crypto infrastructure signals mainstream institutional adoption and regulatory legitimacy in India's evolving digital asset landscape. This validates long-term crypto utility beyond speculation, attracting conservative institutional investors.
Explore how RWA is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.
Explore narrativeRelated stories
Bitcoin price threatens $75K loss as US-Iran peace progress sparks new stocks records
Bitcoin disappointed bulls by dropping below $75,000 on Iran peace deal reports while US stocks hit new all-time highs and oil saw one-month lows on Hormuz hopes....
Crypto IPOs could create massive $1 trillion market amid tokenization wave, Jefferies says
Jefferies projects crypto and blockchain IPOs could create a $1 trillion public market within five years as institutional investors shift focus from bitcoin speculation to real-world infrastructure. Tokenization of money market funds, stablecoins, and settlement systems are driving adoption. Traditional financial firms increasingly partner with crypto providers for faster settlement and lower-cost payments. Regulatory clarity could accelerate mainstream integration further.
Mastercard Secures New York BitLicense to Advance Digital Asset Strategy
Bitcoin Magazine Mastercard Secures New York BitLicense to Advance Digital Asset Strategy Mastercard has secured a BitLicense from the New York State Department of Financial Services. This post Mastercard Secures New York BitLicense to Advance Digital Asset Strategy first appeared on Bitcoin Magazine and is written by Micah Zimmerman....