Asset Tokenization Platform from #VISA

VTAP will allow financial institutions not only to issue tokens, but also to test their use in real-world scenarios. The platform is designed to facilitate the transfer of real assets such as real estate and debt securities to the blockchain.

Banks will be able to use fiat-backed tokens to purchase tokenized goods or government bonds.

In addition, smart contracts will allow financial institutions to create structured financial products. For example, clients will be able to use tokens to secure loans. That is, goods and assets tokenized on the blockchain will act as collateral.