What a week! We’ve seen a wave of institutional adoption in payments and tokenization. Plus: The biggest VC funding round ever. 💰
⏱️ Read time: 3min | Focus: Crypto, Macro & AI
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Be smart: The agency, under Chair Gary Gensler, has turned to litigation to set crypto policy, bypassing clear rule making.
Keeping track: Who else is in a battle against the SEC?
Why it matters: This isn’t just about one company. This is a power game. These lawsuits could set a key precedent for the entire industry.
Visa has launched the Visa Tokenized Asset Platform (VTAP) on Ethereum.
The goal? Enabling financial institutions to issue fiat-backed tokens on blockchain networks.
It’s first customer? BBVA. The 2nd biggest bank in Spain, with over €750B in assets.
What you should know: Visa has partnered with BBVA to use VTAP to launch a stablecoin in 2025.
Why it matters: Visa's entry into tokenization with VTAP signals institutional adoption of blockchain technology. With a strong network of merchants and users, it can connect traditional finance with decentralized finance through VTAP, empowering RWA (Real-world asset) space.
