Visa (NYSE:V) assured that the intention to provide practical assistance and recommendations for banks on the creation and use of digital asset market instruments is part of the corporate strategy of the international processing company.
“We believe that testing solutions in the Visa Tokenized Asset Platform crypto sandbox will provide banks with the experience and significant opportunity to issue their own tokenized assets in a regulated manner,” said Cuy Sheffield, head of crypto at Visa.
Sheffield believes that as the tokenization of real assets grows in popularity, more financial institutions will adopt blockchain technologies in their operations. Visa plans to participate in the creation of global international standards that will simplify interactions between such organizations.
At the beginning of the year, the American company Visa announced the possibility of direct withdrawal of funds from cryptocurrency wallets to its cards with automatic conservation in the fiat currency of the account.
