Visa Tokenized Asset Platform (VTAP)

Enable financial institutions to utilize blockchain tokenization technology to power new payment solutions

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available for use by

Issuer Banks

Acquirer Banks

Regional Availability

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N. America
Asia-Pacific
Europe
CEMEA
LAC

Pricing

Please contact your Visa Account Executive for details on pricing.

Visa Tokenized Asset Platform (VTAP) is a new Visa product that provides financial institutions the capabilities to issue and manage fiat-backed tokens on blockchain networks.

VTAP provides the tools and infrastructure for banks to tokenize fiat currencies on blockchain networks. Clients can access and test VTAP capabilities through an API layer that connects to blockchain infrastructure and utilizes a Visa-developed standard for issuing fiat-backed tokens. Clients can access VTAP in a nonvalue Sandbox testing phase that can be used for different tokenization use cases.

Why Use It?

We are seeing an evolution of tokenization of fiat, with financial institutions around the world actively tokenizing onchain.

1

Tokenized payments can enable enhanced transparency, capital efficiency and improved liquidity.

2

Utilizing blockchain as the settlement layer can help facilitate cross-border money movement and 24/7 availability.

3

Programmable finance through smart contracts can automae financial agreements and operational efficiency and reduce manual processes.

Key Features

Easy Integration

VTAP is designed to offer seamless API-based access to Visa's blockchain infrastructure, requiring minimal integration for commercial banks.

Programmability

VTAP enables banks to use fiat-backed tokens in smart contracts, automating workflows for enhanced efficiency and security.

Interoperability

VTAP can support multi-currency and multi-chain interoperability, enabling multiple use cases and the ability to interact with partners and clients on both permissioned and public blockchains.

How Does It Work?

The VTAP Sandbox is available as a developer tool set for piloting and testing by commercial banks

Sandbox Capabilities

VTAP is designed to allow Clients the capability to mint, burn, and transfer fiat-backed tokens on a blockchain. During the Sandbox phase, Visa maintains all blockchain infrastructure. As VTAP moves to real-value phases, Visa expects to collaborate with Clients as they design their own infrastructure to support fiat-backed tokens, taking into account Client requirements, applicable laws and regulations, and industry best practices.

Availability

Presently, VTAP is a restricted product with limited availability. VTAP Sandbox is available for select Clients to test out relevant use cases and value propositions towards commercial readiness. Clients should consult with their Visa Account Executives with further questions.

Onboarding

Once Clients have been approved for onboarding to VTAP, they will be provided access to the VTAP APIs, additional reference material on VDP, specifications for integration, as well as tools to assist in testing of the VTAP Sandbox.

APIs Included