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Which region will first adopt Visa's VTAP for fiat-backed tokens by end of 2025?
2
Resolution / Starting Odds
North America • 25%
Europe • 25%
Asia • 25%
Other • 25%
Official announcements from Visa or participating banks, or credible financial news outlets
Story
Visa Launches VTAP on Ethereum for Banks to Issue Fiat-Backed Tokens
Oct 3, 2024, 12:04 PM
Visa has introduced the Visa Tokenized Asset Platform (VTAP), designed to help financial institutions issue and manage fiat-backed tokens on blockchain networks. The platform will enable banks to explore the use of smart contracts and tokenization. VTAP will facilitate the creation and issuance of tokens on the public Ethereum blockchain, with initial live pilots expected in 2025. BBVA is among the first banks to use VTAP for token creation. The platform is available on the Visa Developer Platform, allowing financial institutions to experiment with tokenization. The initiative is part of Visa's broader strategy, known as BSW, and is represented by the ticker symbol $V.
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North America • 25%
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Asia • 25%
Other • 25%
North America • 25%
Europe • 25%
Asia • 25%
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Cross-border payments • 25%
Trade finance • 25%
Supply chain management • 25%
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Yes • 50%
No • 50%
North America • 25%
Europe • 25%
Asia • 25%
Other • 25%
North America • 25%
Europe • 25%
Asia • 25%
Other • 25%
North America • 25%
Europe • 25%
Asia • 25%
All regions report equally • 25%
North America • 25%
Europe • 25%
Asia • 25%
Other • 25%
U.S. leads in adoption • 25%
China leads in adoption • 25%
European Union leads in adoption • 25%
Other leads in adoption • 25%
US • 25%
EU • 25%
Asia • 25%
None • 25%