Source: CoinDesk Visa’s new Platform will enable the development of fiat-backed tokens powered by smart contracts. Visa has developed a new product to help banks issue fiat-backed tokens on the Ethereum network. One of the first financial institutions to use the platform will be Spanish bank BBVA, who expects to launch a live pilot in… Continue reading Visa to Help Banks Issue Fiat-Backed Tokens on Ethereum Via New Tokenized Asset Platform
Tag: banks
U.S. Credit Unions Adopt Tokenization of Real World Assets
Source: Cryptonews Traditional banks may still dominate the financial industry in terms of assets held, but credit unions are becoming an increasingly popular option for Americans who qualify. Recent data shows that there are roughly 4,600 credit unions in the United States. A September 2023 report from The National Credit Union Administration (NCUA) further notes… Continue reading U.S. Credit Unions Adopt Tokenization of Real World Assets
