Mastercard Transaction Services (U.S.) LLC received a NYDFS Bitlicense on May 27, 2026, allowing digital asset operations in New York. The approval followed Mastercard’s March 2026 acquisition of BVNK, a stablecoin infrastructure firm, for $1.8 billion. The Bitlicense framework, created by NYDFS in 2015, is among the strictest state-level crypto licensing regimes in the United States. Approval requires detailed consumer protection, cybersecurity, anti-money laundering compliance, capital reserves, financial integrity, and operational resilience. The license supports Mastercard’s work with stablecoins and tokenized deposits by providing a regulated path to expand blockchain-based payment activity, settlement infrastructure, and connections between traditional finance and digital asset systems within New York.
"Mastercard said the license directly supports its work with stablecoins and tokenized deposits. It gives the company a regulated path to expand blockchain-based payment activity, settlement infrastructure, and connections between traditional finance and digital asset systems within New York. The company framed the approval as part of a broader effort to advance interoperability, reliability, and trust across the payments ecosystem."
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