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VisitFirst major use case for Visa's Tokenized Asset Platform announced by end of 2024?
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Visa Launches Tokenized Asset Platform on Ethereum, BBVA Targets 2025 Pilot
Sep 25, 2024, 01:12 PM
Visa, the payments giant, has launched a Tokenized Asset Platform to assist banks in testing tokenized assets and smart contracts. Spain’s BBVA is leading the initiative, aiming for a 2025 pilot on the Ethereum network. The platform is designed to issue fiat-backed tokens and explore their applications. The sandbox is live, marking a significant step as Visa supports banks in this new venture. Visa's move into this space is part of a broader trend of traditional financial institutions embracing blockchain technology.
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