Mastercard Multi-Token Fabric
Mastercard's multi-token network connecting banks, fintechs, and blockchains for tokenized asset movement.
CTR (USD 10,000+)TRAVEL-RULE (USD 3,000+)ENHANCED-DUE-DILIGENCE (USD 50,000+)
Step 1 · Participating Bank/FintechPolicy-EnforcedBlockchain-Native
A bank's treasury desk initiating a tokenized payment — the institution is pre-vetted, the operator authenticated.
A participating bank or fintech initiates a tokenized asset transfer through Mastercard's Multi-Token Network. L4+L5 lit — identity and authorization are policy-enforced. The participant operates under existing financial licenses; MTN inherits the institution's regulatory posture.
Step 2 · MTN Compliance GatewayCode-EnforcedBlockchain-Native
Mastercard's network authorization — the transaction is screened, validated, and routed through Mastercard's compliance infrastructure.
Mastercard's MTN compliance layer screens the transaction: sanctions checks, counterparty verification, and Travel Rule data exchange. The MTN smart contract layer can enforce programmable rules — whitelists, velocity limits, geographic restrictions. L3+L4 lit — compliance straddles code and policy.
Step 3 · Cross-Chain Token RoutingCode-EnforcedBlockchain-Native
The clearing leg of a card payment — value is routed through the network's settlement infrastructure.
MTN routes the tokenized asset across chains if needed, or settles on the same chain. The network's bridge layer handles cross-chain coordination with Mastercard's settlement guarantees. L1+L2+L3 lit — transport executes entirely below the enforcement line.
Step 4 · Receiving InstitutionPolicy-EnforcedBlockchain-Native
The acquiring bank's credit confirmation — funds received, compliance obligations activate.
The receiving institution's custody account is credited. L4+L5 lit on the receiving side. Mastercard's network-level authorization at this stage provides the compliance guarantee — the receiving institution can rely on MTN's screening rather than duplicating it. Recordkeeping obligations attach.
Step 5 · Settlement FinalityPolicy-EnforcedBlockchain-Native
Mastercard's end-of-cycle settlement — the network's final word on the transaction.
MTN settlement is final. Both institutions hold matching settlement records. The Mastercard network provides the authoritative settlement confirmation — disputes resolve through traditional card-network arbitration, not on-chain governance. Tax and recordkeeping obligations crystallize at L5.
Resolved 5 steps across 1 chain(s). 3 threshold(s) triggered. Frameworks: Bank Secrecy Act, GENIUS Act, OFAC Sanctions Program, FATF Recommendation 16 (Travel Rule), Common Reporting Standard / FATCA.