The bank is among the founders of Qivalis, a group of 37 European banks aiming to issue a euro-denominated stablecoin this year.

Sella said it is involved in EU tokenization of deposits and payments projects such as Pontes and Appia projects, which are aimed at bolstering the bloc’s financial autonomy.

“The evolution of payments toward instant, interoperable, and programmable models – also driven by the tokenization of currencies and assets – is redefining financial infrastructures at European and global level,” said Andrea Tessera, the bank’s managing director of digital banking.

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(Joan Cros Garcia/Corbis via Getty Images)

The payments giant said the approval supports its push into stablecoins and blockchain-based settlement infrastructure.

What to know:

  • Mastercard has secured a New York BitLicense, allowing it to conduct digital asset activities under one of the toughest crypto regulatory regimes in the United States.
  • The approval advances Mastercard’s strategy to build blockchain-based payments and settlement infrastructure, with a particular focus on stablecoins and tokenized deposits.
  • The move highlights…

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