Visa (V) to Help Banks Subject Fiat-Backed Tokens on Ethereum By way of New RWA Platform

A financial institution would use Visa’s new platform to buy tokenized RWAs resembling commodities or bonds with near-real-time settlement, utilizing a token, the assertion mentioned. One of many first monetary establishments to make use of VTAP will likely be Spanish financial institution BBVA, who expects to rollout a stay pilot in 2025.