{"id":83018,"date":"2026-05-28T09:44:55","date_gmt":"2026-05-28T02:44:55","guid":{"rendered":"https:\/\/hbbgroup.net\/mastercard-secures-new-york-bitlicense-for-crypto-operations\/"},"modified":"2026-05-28T09:44:55","modified_gmt":"2026-05-28T02:44:55","slug":"mastercard-secures-new-york-bitlicense-for-crypto-operations","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/vi\/mastercard-secures-new-york-bitlicense-for-crypto-operations\/","title":{"rendered":"Mastercard secures New York BitLicense for crypto operations"},"content":{"rendered":"
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Mastercard\u2019s US transaction services unit has received a BitLicense from the New York State Department of Financial Services (NYDFS), allowing the payments giant to conduct regulated digital asset business activity in the state.<\/p>\n

The company announced the license approval on Wednesday, but did not unveil any new consumer-facing crypto products. Instead, Mastercard said it plans to continue developing payment and settlement infrastructure tied to digital assets, focusing specifically on stablecoins and tokenized deposits.<\/p>\n

New York\u2019s BitLicense is widely regarded as one of the strictest state-level crypto regulatory frameworks in the United States. Companies offering certain crypto-related financial services to New York residents are generally required to obtain the license.<\/p>\n

Mastercard joins a growing list of companies that have recently secured a New York BitLicense as regulatory clarity around digital assets continues to evolve in the United States.<\/p>\n

Earlier this year, crypto financial services company Galaxy received approval<\/a> to expand its institutional digital asset offerings in the state. Bitcoin payments company Strike, led by Jack Mallers, obtained both a BitLicense<\/a> and money transmitter licenses to support its Bitcoin (BTC) focused payment services in New York.<\/p>\n

<\/figure>\n

Source: <\/em>Mastercard<\/em><\/a><\/p>\n

The BitLicense isn\u2019t Mastercard\u2019s first crypto-related expansion in New York. In February, MetaMask introduced a Mastercard-enabled payment card<\/a> in the state that allows users to spend crypto directly from their self-custodied wallets at merchants that accept Mastercard.<\/p>\n

Related: <\/strong><\/em>Mastercard launches crypto partner program with a \u2018who’s who\u2019 of industry<\/strong><\/em><\/a><\/p>\n

Mastercard deepens both stablecoin and tokenization efforts<\/h2>\n

The BitLicense approval follows Mastercard\u2019s recent acquisition of the stablecoin infrastructure company BVNK,<\/a> valued at up to $1.8 billion. Expected to close later this year, the transaction included up to $300 million in performance-based payments and is aimed at strengthening the payments processor’s ability to connect traditional payment networks with blockchain-based transactions.<\/p>\n

The acquisition came months after crypto exchange Coinbase and BVNK mutually agreed to end takeover discussions.<\/p>\n

Earlier this month, Mastercard also said it completed its first cross-border US Treasury transaction<\/a> on the XRP Ledger, underscoring the company\u2019s growing focus on tokenized financial assets. Excluding stablecoins, the tokenization market is currently valued at more than $33.8 billion, according to industry estimates.<\/p>\n

<\/figure>\n

Total RWA market size. Source: <\/em>RWA.xyz<\/em><\/a><\/p>\n

Related: <\/strong><\/em>Crypto Biz: Wall Street wants more than just Bitcoin<\/strong><\/em><\/a><\/p>\n<\/div>\n

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph\u2019s Editorial Policy<\/a> and aims to provide accurate and timely information. Readers are encouraged to verify information independently. <\/p>","protected":false},"excerpt":{"rendered":"

Mastercard\u2019s US transaction services unit has received a BitLicense from the New York State Department of Financial Services (NYDFS), allowing […]<\/p>","protected":false},"author":5,"featured_media":83019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-83018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/83018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/comments?post=83018"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/posts\/83018\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media\/83019"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/media?parent=83018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/categories?post=83018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/vi\/wp-json\/wp\/v2\/tags?post=83018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}