Mastercard Transaction Services (U.S.) LLC has been granted a BitLicense by the New York State Department of Financial Services (NYDFS).

New York’s BitLicense framework is widely recognized for establishing comprehensive requirements related to consumer protection, cybersecurity, financial integrity and operational resilience.

“Clear regulatory frameworks play an important role in building trust and confidence as new forms of digital value move from experimentation toward practical application,” said Jorn Lambert, Chief Product Officer at Mastercard. “This approval underscores our focus on aligning innovation with regulatory expectations of high levels of security, compliance and risk management.”

The BitLicense approval aligns with Mastercard’s long-term strategy to responsibly engage with evolving payment and settlement infrastructure supporting digital currencies such as stablecoins and tokenized deposits, while maintaining and building upon the same standards that underpin its global payments network.