Mastercard Expands Crypto Team to Accelerate Blockchain Initiatives

Mastercard is doubling down on its cryptocurrency ambitions with plans to hire two senior executives dedicated to digital assets and blockchain technology. The payments giant seeks a Vice President for Digital Assets Ecosystem Growth and a Vice President for Financial Institutions Growth, both based in the U.S.

Raj Dhamodharan, Mastercard's head of crypto and blockchain, emphasized the company's commitment to shaping the future of payments through these strategic hires. The first role will drive partnerships with issuers, infrastructure providers, and startups to scale solutions like Mastercard's Multi-Token Network and Crypto Credential. The second will collaborate with financial institutions to develop blockchain applications for business payments, cross-border transactions, and tokenized assets.

Mastercard has emerged as one of traditional finance's most active crypto explorers, building bridges across the ecosystem for years. Recent initiatives include plans to integrate more stablecoins into its global payments network and expand stablecoin-based cross-border transactions through Mastercard Move.