Visa (V) to Assist Banks Issue Fiat-Backed Tokens on Ethereum Via New RWA Platform
Visa has recently launched a groundbreaking platform that enables banks to purchase tokenized Real World Assets (RWAs) with near-real-time settlement. This innovative solution allows financial institutions to acquire commodities or bonds using a token, streamlining the transaction process.
One of the early adopters of Visa’s new platform is Spanish bank BBVA, which is set to implement a live pilot of the technology in 2025. This move signifies a significant step forward for the banking industry, as institutions like BBVA embrace the benefits of tokenization and digital asset settlement.
With VTAP, banks can now access a secure and efficient way to trade and settle RWAs, paving the way for a more streamlined and transparent financial ecosystem. This development highlights Visa’s commitment to driving innovation and modernization within the banking sector.
