Mastercard has successfully completed a trial involving central bank digital currencies (CBDCs) on different blockchains, similar to wrapped Bitcoin and wrapped Ether. The trial was conducted with the Reserve Bank of Australia (RBA) and the country’s Digital Finance Cooperative Research Centre CBDC, along with participation from Cuscal and Mintable. The solution allowed a CBDC owner to purchase a nonfungible token (NFT) listed on Ethereum by locking the required amount of a pilot CBDC on the RBA’s platform and minting an equivalent amount of wrapped pilot CBDC tokens on Ethereum. This demonstrated the platform’s ability to implement controls on public blockchains. The solution utilizes Mastercard’s Multi Token Network, which integrates payment technology with blockchains. The RBA has previously stated that an Australian dollar CBDC could enable complex payment arrangements and innovation in the finance sector. However, further research is required to evaluate the benefits.

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Information	Details
Geography	Australia
Countries	🇦🇺
Sentiment	positive
Relevance Score	1
People	Zack Burcks
Companies	Mastercard, Reserve Bank of Australia (RBA), Cuscal, Digital Finance Cooperative Research Centre CBDC, Mintable
Currencies	Ethereum, Unipilot
Securities	None