Mastercard has become a Charter-level member of the Blockchain Security Standards Council (BSSC), a non-profit consortium dedicated to establishing and maintaining security standards for the safe and scalable adoption of blockchain and digital assets.
The BSSC aims to define rigorous security standards to support the reliable expansion of blockchain technology. As a member, Mastercard will contribute its expertise in secure payments, identity verification, and digital infrastructure to develop industry-wide security best practices for blockchain-based and tokenized value exchange. The company will also collaborate within the BSSC to shape security frameworks designed to protect consumers, financial institutions, and the broader financial system, aiming to foster global trust and innovation.
Mastercard joins other prominent blockchain innovators and digital asset pioneers on the council, including Figment, Coinbase, Fireblocks, Anchorage Digital, Ribbit Capital, and BitGo. These entities collaborate through the BSSC to promote consistent, high-integrity security standards across the ecosystem. Claire Le Gal, Senior Vice President, Integrity & Standards, Security Solutions for Mastercard and its representative on the BSSC board, stated, “Part of my job is to make life difficult for criminals.” She added, “As blockchain technology moves from experimentation toward scaled, real-world use cases, strong, shared security standards are essential. Joining the BSSC allows us to bring lessons from decades of securing global payment networks and to collaborate with peers to strengthen trust across blockchain systems.”
Adam Rak, Executive Director for the BSSC, welcomed Mastercard’s involvement. “Their experience securing complex, global payment networks will be invaluable as we work to provide rock-solid security guidelines for blockchain and digital asset ecosystems,” Rak said.
Mastercard’s participation with the BSSC is expected to enhance existing market capabilities, such as its Multi-Token Network and Crypto Credential solutions, which are designed to integrate trust, security, and standardization into blockchain and digital asset infrastructure. Mastercard plans to actively engage in BSSC working groups focused on security and privacy, providing both technical guidance and operational insights. Its cross-functional security team possesses expertise in areas like fraud prevention, cyber resilience, disputes, and threat intelligence, which are critical for developing the council’s standards.
As blockchain adoption and financial use cases grow globally, Mastercard’s involvement with the BSSC demonstrates a proactive and collaborative strategy toward security, transparency, and trust within digital ecosystems, aiming to ensure responsible and safe implementation of new technologies.
