VTAP Explained: What is Visa Tokenized Asset Platform?

Discover the VTAP, a solution that allows financial institutions to issue and manage fiat-backed tokens securely on blockchain networks.

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Visa unveiled its Visa Tokenized Asset Platform (VTAP) on Oct. 3; this initiative aims to simplify the issuance and management of tokenized assets, including tokenized deposits, stablecoins, and central bank digital currencies (CBDCs).

With VTAP, financial institutions can create and experiment with their own fiat-backed tokens using a sandbox environment accessible through the Visa Developer Platform. 

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