Visa Advances Web3 Strategy with Institutional Grade Platform for Testing Tokenised Assets
Visa has launched a new platform aimed at helping banks test tokenised assets, allowing financial institutions to issue fiat-backed tokens and explore their use cases. Spain-based BBVA is one of the early adopters of this platform, which is part of Visaâs broader initiative to streamline global standards for blockchain-based products.
This move follows Visaâs pilot program with HSBC and Hang Seng Bank in Hong Kongâs Digital Hong Kong Dollar initiative. The tokenisation of real-world assets is gaining traction, with central banks and asset managers like BlackRock leading the way. Visaâs platform aims to offer similar opportunities to banks, enabling them to create regulated, fiat-backed tokens for corporate and customer use.