Crypto Markets News: Visa Launches Tokenized Asset Platform for Real-World Assets
Visa’s New Tokenized Asset Platform
Visa has unveiled the Visa Tokenized Asset Platform (VTAP), a groundbreaking initiative aimed at transforming the real-world assets (RWA) market. This platform enables banks to tokenize RWAs, connecting them to the crypto ecosystem and expanding the reach of traditional finance (TradFi).
VTAP's Early Stages
On Thursday, Visa announced this innovative product via a press release. VTAP is set to launch a live pilot using Ethereum in early 2025, marking a significant step in merging fiat currencies with blockchain technology. Although Visa presents VTAP as a new venture, its partnership with Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA) initiated in September serves as a foundation for this venture.
More About Real-World Assets
As the RWA market continues to expand, Visa is positioning itself to capitalize on the integration of traditional banking with blockchain solutions, creating new pathways for you to engage with crypto.
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