Visa to Launch Live Platform to Help Banks Issue Digital Tokens in 2025

Visa has launched the Visa Tokenized Asset Platform (VTAP), a new initiative designed to help banks issue fiat-backed tokens on blockchain networks.

On October 3, the digital payments giant announced that VTAP is now available through its developer platform. This allows participating institutions to develop and test digital assets such as stablecoins and central bank digital currencies (#CBDC).

The platform currently operates in a sandboxed environment, but#Visaplans to make it available for real-world use by 2025.