Mastercard joins the Blockchain Security Standards Committee to collaboratively develop security frameworks with members like Coinbase.

ChainCatcher news reports that, according to BeInCrypto, Mastercard has joined the Blockchain Security Standards Committee (BSSC) as a charter-level member, working alongside Coinbase, Fireblocks, Anchorage Digital, BitGo, and other members to develop security frameworks for blockchain networks and tokenized assets.

Mastercard will also join a working group focused on security and privacy guidelines, led by the security solutions department responsible for fraud prevention, cyber resilience, disputes, and threat intelligence. Claire Le Gal will represent Mastercard on the BSSC board of directors. A BSSC executive stated that Mastercard’s payment experience is highly valuable in establishing robust blockchain security rules. Mastercard has launched multi-token networks and cryptographic credential products aimed at embedding trust into blockchain and tokenization infrastructure.