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The fund was registered in the regulatory sandbox of the Spanish Securities Market Commission. For participants, investing in the fund will be the same as in a traditional fund. BBVA Asset Management, the asset management arm of the Spanish banking giant, launched a tokenized fixed income investment fund known as BBVA Token Renta Fija Corto…
They have not decided whether the asset will be backed by deposits, market funds or fiat currencies. BBVA is part of a Visa sandbox created to help launch tokenized assets. BBVA, the Spanish banking giant, announced plans to launch its own stablecoin with the backing of Visa, according to Francisco Maroto, director of digital assets…
Key facts: Visa wants to help digitize and automate processes for exchanging real-world assets. The platform will allow banks to purchase tokenized assets such as commodities and bonds. Visa announced the launch of the Visa Tokenized Asset Platform (VTAP), a solution designed to enable banks to issue fiat-backed tokens on the Ethereum network. This initiative…
