Mastercard joins the Blockchain Security Standards Committee, working with members such as Coinbase to develop a security framework.
CoinFeed reported on April 22 that, according to BeInCrypto, Mastercard has joined the Blockchain Security Standards Committee (BSSC) as an charter-level member, working with members such as Coinbase, Fireblocks, Anchorage Digital, and BitGo to develop a security framework for blockchain networks and tokenized assets. Mastercard will also join a working group focused on security and privacy guidelines, with Claire Le Gal, from the Security Solutions division responsible for fraud prevention, network resilience, dispute and threat intelligence, representing Mastercard on the BSSC board. The BSSC executive director stated that Mastercard's payment experience is of significant value in developing robust blockchain security rules. Mastercard has launched multi-token networks and cryptographic credential products aimed at embedding trust into blockchain and tokenized infrastructure.