Mastercard acquires CipherTrace to enhance crypto capabilities

The transaction is expected to close before the end of 2021

Mastercard CipherTrace

Mastercard acquires CipherTrace to enhance crypto capabilities. Source:

Mastercard has announced the acquisition of CipherTrace, a cryptocurrency intelligence company with insight into over 900 cryptocurrencies.

The integrated offering will build on CipherTrace’s suite of digital assets and Mastercard’s cyber security solutions. It will provide businesses with greater transparency to help identify and understand their risks and to help manage their digital asset regulatory and compliance obligations.

Digital assets have the potential to reimagine commerce, from everyday acts like paying and getting paid to transforming economies, making them more inclusive and efficient. With the rapid growth of the digital asset ecosystem comes the need to ensure it is trusted and safe. Our aim is to build upon the complementary capabilities of Mastercard and CipherTrace to do just this
Ajay Bhalla, president, Cyber & Intelligence at Mastercard

The deal enables Mastercard to combine the technology, AI and cyber capabilities of both companies to differentiate its card and real-time payments infrastructure. That allows customers and stakeholders globally to build upon and benefit from the solutions to protect their consumers and comply with regulations, as they build their own virtual asset offerings.

We’ve reported that Cardano announced smart contract upgrade.


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