A bank would use Visa’s new platform to purchase tokenized RWAs such as commodities or bonds with near-real-time settlement, using a token, the statement said. One of the first financial institutions to use VTAP will be Spanish bank BBVA, who expects to rollout a live pilot in 2025.
Visa (V) to Assist Banks Issue Fiat-Backed Tokens on Ethereum Via New RWA Platform
