Mastercard's head of crypto and blockchain, Raj Dhamodharan, has stated that traditional finance firms that have adopted crypto are now moving beyond experimentation and actively working on real-world solutions. Mastercard has already enabled stablecoin payments for financial institutions and aims to be a connector between traditional finance and blockchain networks. The company recently partnered with crypto compliance firm Notabene to enhance the security and user-friendliness of digital asset transactions. Mastercard's focus going forward includes the on-ramp/off-ramp between crypto and the banking world, expanding the features of its Crypto Credential product, and the use of stablecoins. Dhamodharan also expressed optimism about the future of tokenization and the potential for new business models to meet the growing demand for tokenizing real-world assets.



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