Mastercard has integrated its blockchain-based platform, the Multi-Token Network (MTN), with JPMorgan's digital assets business, Kinexys. The collaboration aims to enhance B2B cross-border payments by providing greater transparency, faster settlement, and reducing time zone friction. Through this integration, mutual customers of Mastercard and Kinexys will be able to settle B2B transactions using a single API. The move comes as tokenized foreign exchange gains traction in traditional finance for its ability to offer real-time cross-border transactions. JPMorgan's Kinexys Digital Payments plans to introduce tokenized US dollar and euro FX in early 2025, with plans to expand to other currencies.



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