A few multi-terminal direct current (MTDC) systems are in operation around the world today. However, MTDC grids overlaying their AC counterpart might a reality in a near future. The main drivers for constructing such direct current grids are the large-scale integration of remote renewable energy resources into the existing alternative current (AC) grids, and the promotion and development of international energy markets through the socalled supergrids. This paper presents the most critical challenges and prospects for such emerging MTDC grids, along with a foreseeable technology development roadmap, with a particular focus on crucial control and operational issues that are associated with MTDC systems and grids.