Mastercard (NYSE:MA) has developed a solution to tokenize central bank digital currencies (CBDCs) on different blockchains. The solution is part of a project adopted by the Reserve Bank of Australia (RBA) and involves locking the required amount of the pilot CBDC on the RBA's platform, then minting an equal amount of tokenized pilot CBDC on Ethereum. The solution was developed in collaboration with Cuscal and Mintable for a research project initiated by the RBA and the Digital Finance Cooperative Research Centre.