Visa announced the launch of the Visa Tokenized Asset Platform (VTAP), which will support banks in issuing fiat-backed tokens. BBVA has been testing in the VTAP sandbox and plans to conduct a live pilot on the public Ethereum blockchain in 2025. The VTAP solution is available to financial institutions through the Visa Developer Platform and is designed to improve the efficiency of issuing, transferring and redeeming tokenized assets. This move by Visa marks its continued innovation and leadership in the field of digital payments.