June 28 (Cointime) - Mastercard is launching the Multi-Token Network (MTN) to explore tokenized bank deposits, with plans to expand to central bank digital currencies and regulated stablecoins. The MTN will be available in beta mode this summer in the UK, with several banks and financial institutions invited to participate.

The initiative aligns with Mastercard Crypto Credentials, a blockchain analytics application, to ensure compliance with anti-money laundering regulations. An MTN Innovation Sprint will take place in London this summer, allowing selected teams to develop use cases powered by tokenized deposits and digital assets.