Visa has unveiled its new Visa Tokenized Asset Platform (VTAP) đȘ, aimed at revolutionizing the issuance and management of fiat-backed tokens.
- VTAP supports a variety of tokenized assets, including stablecoins and CBDCs.
- Designed for institutional investors and central banks, it offers secure minting, transferring, and settling of digital assets.
- Currently in sandbox phase, with BBVA testing its core functionalities.
- Live pilot phase expected in 2025 on the public Ethereum blockchain.
Stay tuned for more updates as this story develops!