American financial services corporation Mastercard (NYSE:MA) has joined blockchain software firm R3’s Corda-powered Marco Polo blockchain network for trade finance.
In a press release published on Sept. 3, Mastercard revealed its participation in the Marco Polo Network project, a collaboration of R3 and Irish tech firm TradeIX that launched in 2017. The initiative provides a multi-asset class platform that offers broker dealer services and multi-currency transactions, among other related services.