Visa has launched the Visa Tokenized Asset Platform (VTAP) to help banks issue stablecoins and enter the blockchain market. Initially, the platform will help banks create stablecoins, and can then be expanded to tokenize real assets such as real estate, debt securities, and commodities. VTAP allows banks to make cross-border transactions 24/7, increasing transaction speed and reducing intermediary costs. Currently, Visa is testing VTAP with BBVA, one of the major banks in Spain. If everything goes well, the platform is expected to be piloted on the Ethereum blockchain in 2025, opening up a whole new playground in the blockchain finance sector.