Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ETHEREUM NEWS»Visa to launch live platform to support banks issuing digital tokens in 2025
ETHEREUM NEWS

Visa to launch live platform to support banks issuing digital tokens in 2025

By Crypto FlexsOctober 3, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Visa to launch live platform to support banks issuing digital tokens in 2025
Share
Facebook Twitter LinkedIn Pinterest Email
Receive, manage and grow your cryptocurrency investments with Brighty

Visa has launched the Visa Tokenized Asset Platform (VTAP), a new initiative to help banks issue fiat-backed tokens on blockchain networks.

On October 3, the digital payments giant announced that VTAP is now accessible through its developer platform. This will allow participating institutions to develop and test digital assets such as stablecoins and central bank digital currencies (CBDCs).

Currently, the platform operates in a sandbox environment, but Visa plans to enable real-time use by 2025.

VTAP

Visa described VTAP as a way to help banks provide blockchain services by applying its knowledge of emerging technologies, including smart contracts. The company plans to expand this solution to a global network of more than 15,000 customers in more than 200 countries.

VTAP is designed to provide Visa’s institutional customers with an end-to-end infrastructure for securely issuing, transferring, and settling digital asset transactions on both public and private blockchains.

According to Visa, VTAP will allow banks to use fiat-backed tokens within smart contracts. This helps automate existing workflows and facilitate the exchange of new types of physical assets.

Vanessa Colella, head of global innovation and digital partnerships at Visa, said VTAP will drive institutional adoption of blockchain technology. She added:

“We are excited to leverage our tokenization experience to help banks integrate blockchain technology into their operations.”

BBVA pilot

Banco Bilbao Vizcaya Argentaria (BBVA) is one of the early adopters of VTAP, according to a press statement.

BBVA has been testing important features of its platform in the sandbox this year. These tests include the issuance, transfer, and redemption of bank tokens on the testnet blockchain along with interaction with smart contracts.

The company plans to launch a live pilot on the Ethereum blockchain for select customers in 2025.

Francisco Maroto, head of blockchain and digital assets at BBVA, emphasized that exploring the potential of blockchain will help the bank expand its services and introduce new financial solutions.

Mentioned in this article
Posted in: Ethereum, Technology
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Leeum validation exit exit queue will explode with 521,000 ETH ATH.

July 26, 2025

Altcoin benefits of capital rotation

July 22, 2025

The future of EF ecosystem development

July 18, 2025
Add A Comment

Comments are closed.

Recent Posts

Mill City Ventures III, Ltd. Announces $450,000,000 Private Placement To Initiate Sui Treasury Strategy

July 28, 2025

Pear Protocol Goes Live With Hyperliquid Integration And Announces $4.1M Strategic Round Led By Castle Island Ventures

July 28, 2025

MapleStory Universe Expands Infinite IP Playground Vision With Developer Tools And Legacy IP Expansion

July 28, 2025

SatoshiMeme ($SATOSHI) Emerges, Declaring ‘Return Of Satoshi Nakamoto’

July 28, 2025

Rome Storm finds $ 1.5 million in donations, with a tornado cash test in three weeks.

July 28, 2025

Ethena increases by 20% after Arthur Hayes spreads 2m ENA tokens.

July 27, 2025

Forexus drops NFT coins -the public stage is sold in a few minutes.

July 27, 2025

Using XRP Cloud To Mine BTC And DOGE, Helping Investors Obtain Stable Daily Income

July 27, 2025

Safe and expandable MCP server development: Main strategies and best practices

July 27, 2025

Cardano (ADA) flashes optimistic signals. Did the meeting just started?

July 26, 2025

DL Mining Launches In The U.S.

July 26, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Mill City Ventures III, Ltd. Announces $450,000,000 Private Placement To Initiate Sui Treasury Strategy

July 28, 2025

Pear Protocol Goes Live With Hyperliquid Integration And Announces $4.1M Strategic Round Led By Castle Island Ventures

July 28, 2025

MapleStory Universe Expands Infinite IP Playground Vision With Developer Tools And Legacy IP Expansion

July 28, 2025
Most Popular

Improving AI Network Resilience: Role of Spectrum-X and BGP PIC

April 12, 2025

Binance Updates Fiat Liquidity Provider Program to Include MXN and CZK Markets

April 8, 2024

The Daily: Harris, Trump Down on Polymarket, SEC Warns About FTX’s Stablecoin Redemption, and More

September 2, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.