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Deployments · platform by Visa

BBVA bank token on Visa Tokenized Asset Platform

Visa's Tokenized Asset Platform gives banks tools to mint, burn and transfer fiat-backed tokens. BBVA, the first named bank, tested issuing, moving and redeeming a bank token and having it interact with smart contracts in the VTAP sandbox through 2024, and planned a live pilot with selected customers on public Ethereum in 2025. No source found confirms that the live pilot ran.

AnnouncedProof of conceptPilotLive (limited)Live (scaled)

Proof of concept since 2024[1] — Sandbox and testnet only in the cited sources; the planned 2025 live pilot is unconfirmed, so the weaker status is used. · Reviewed 24d ago

Assets
Undisclosed[1]
Fiat-backed bank token; whether it is a tokenised deposit or a stablecoin was not settled in the sources
Networks
Ethereum Public, permissionless[1]
Planned network for the live pilot; testing ran on an unnamed testnet.
Use cases
Primary issuance[1]Programmable payments[1]
Jurisdictions
Spain

Participants

  • VisaPlatform provider, Operator, Technology provider[1]United States
  • BBVAIssuer[2]Spain

Timeline

  1. Happened 3 Oct 2024 · Announcement · recorded 11 Oct 2026
    Visa unveils VTAP with BBVA as an early partner that has been testing in the sandbox.[1]

Sources

  1. [1]Visa Introduces the Visa Tokenized Asset Platform — Visa, 3 Oct 2024. Accessed 11 Oct 2026.B
  2. [2]BBVA to explore the potential of tokenized money through Visa's new Tokenized Asset Platform — BBVA, Oct 2024. Accessed 11 Oct 2026.B

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