Visa, the global payments giant, has announced plans to develop a tokenized assets platform for banks. This ambitious project, which is expected to see the light of day in 2025, will use the Ethereum blockchain to allow financial institutions to issue their own crypto tokens backed by trusts.
Crypto: Visa announces tokenized assets platform for 2025
According to Visa, this initiative represents a major opportunity for banks. By issuing tokens on blockchains in a regulated manner, banks will be able to offer their clients direct access to onchain capital markets. This means that customers will be able to participate in these markets more transparently and securely, while benefiting from the speed and efficiency of crypto transactions.
These tokenized assets have several advantages:
- First of all, they allow greater liquidity of assets, as they can be traded easily on crypto platforms.
- Additionally, tokenization allows assets to be split, making it possible to invest in high-value assets with smaller amounts.
- Finally, the transparency inherent in blockchain technology ensures increased traceability and security of transactions.
Why Ethereum?
The choice of Ethereum as the crypto platform for this pilot project is not trivial. Ethereum is one of the most widely used and trusted blockchains for decentralized applications and smart contracts. Its robustness and flexibility make it an ideal choice for a project of this scale.
Visa hopes that this pilot will demonstrate the viability and benefits of tokenized assets for banks and their customers. Because more and more banks and companies are exploring the possibilities offered by blockchain to improve their services and offer new opportunities to their customers. If Visa's pilot is successful, it could pave the way for broader adoption of tokenized assets in the banking sector.
Visa's plan to launch a tokenized asset platform on Ethereum in 2025 could transform the way banks and their customers interact with capital markets. By offering a regulated and secure solution, Visa hopes to facilitate access to crypto markets and promote innovation in the financial sector.
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