Visa has unveiled a new platform, Visa Tokenized Asset Platform (VTAP), for issuing and managing fiat-backed tokens.
- VTAP supports a wide range of tokenized assets, including stablecoins and CBDCs.
- The platform is aimed at institutional investors and central banks.
- VTAP is currently in the sandbox stage, being tested by BBVA.
- A pilot launch is planned for 2025 on the Ethereum blockchain. 🚀