Major US financial players, including Citi and JPMorgan, are joining forces to explore the potential of tokenized settlements. This collaboration signifies a significant step towards revolutionizing the way financial transactions are settled. By leveraging tokenized settlements, these stakeholders aim to streamline the settlement process and enhance efficiency in the financial markets.
Furthermore, these major US financial stakeholders are teaming up with Mastercard to test shared-ledger technology for multiasset transactions in dollars. This partnership demonstrates a commitment to innovation and the adoption of cutting-edge technology in the financial sector. By exploring shared-ledger technology, these players are seeking to not only streamline settlements but also potentially transform the landscape of financial markets as we know them.
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