⚡️ @Visa introduces its tokenized asset platform (VTAP) to help banks issue fiat-backed tokens

Payments has developed a new product to help banks issue fiat-backed tokens on the Ethereum network. Visa Tokenized Asset Platform (VTAP) will enable the development of fiat-backed tokens powered by smart contracts. Spanish bank @BBVA will become one of the first financial institutions to use the platform. The bank would use Visa's new platform to purchase tokenized RWAs such as commodities or bonds with near-real-time settlement, using a token.

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