Mastercard Strengthens Security of Digital Assets with Closing of CipherTrace Acquisition
PURCHASE, NY – (COMMERCIAL THREAD) – Mastercard (NYSE: MA) today announced that it has completed the acquisition of CipherTrace, a leading cryptocurrency intelligence company that provides digital asset security and fraud solutions to some of the world’s largest major banks, stock exchanges and other financial institutions around the world.
“Today marks an important milestone for Mastercard as we further enhance our strategic capabilities, technologies and teams to support the evolution of digital assets,” said Ajay Bhalla, President of Cyber and Intelligence at Mastercard. “We believe that by working together across the industry, we can provide more security, transparency and trust to the payments ecosystem.”
The agreement creates an integrated offering that combines AI, cyber and blockchain capabilities to provide businesses with greater transparency to help them identify and understand their risks and manage regulatory and compliance obligations. The acquisition advances Mastercard’s digital asset strategy and differentiates its real-time payment infrastructure.
Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our business. With connections in more than 210 countries and territories, we are building a sustainable world that opens up invaluable possibilities for all. www.mastercard.com