Visa to Launch Tokenized Asset Platform on Ethereum Blockchain, Pilots Set for 2025; $ETH Institutional Adoption Accelerates with 11.42% Staked by Coinbase

Visa has announced its plans to launch the Visa Tokenized Asset Platform (VTAP) on the Ethereum blockchain, aimed at enabling banks to issue and manage fiat-backed tokens. The platform is set to go live with pilot programs later this year, indicating a notable move towards institutional adoption of Ethereum ($ETH). This initiative comes amid growing concerns regarding centralization in the Ethereum ecosystem, as Coinbase reportedly controls 11.42% of all staked Ethereum, highlighting the increasing institutional interest in the cryptocurrency market.

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