The CLARITY Act failed to pass votes in the Senate earlier this week, a piece of legislature that would set out guardrails and ground rules for crypto **** ets in the U.S. With the failure of passage, the Securities and Exchange Commission took matters into its own hands, passing a conditional exemption Thursday for tokenized stocks. This Innovation Exemption allows for a limited type of tokenized securities to trade on specific Tokenized Securities Venues (TSVs), giving them a 5-year runway to prove their trading chops.
Tokenization is one of the latest trends in the investing world, whereby an **** et is represented digitally on a blockchain. It's seen as the next frontier in finance, with digital trading opening up greater access both for a broader investor base as well as the potential to trade 24/7, while also offering the potential for increased efficiency. However, some argue that tokenized **** ets come with added, unique risks and that by moving investments to the blockchain you introduce greater exposure to bad actors in an as-yet unregulated **** e in the U.S. That is, until now.
The SEC exemption allows for a specific type of tokenized stocks to be traded, specifically ones that retain the investor rights of the stock they are tied to (voting and dividends for example). Only tokenized U.S. National Market System (NMS) stocks qualify that trade through U.S. venues who have established standards for who can trade, limit trading volumes to a certain percentage of the stock, and make public their trading activities as well as any affiliates on the TSV. In addition, venues must halt trading when the primary exchange halts, and leverage is not permitted. Any company that does not want tokenized shares has 30 days to object and prevent their shares from being created.
It's important to note that currently there are two main types of tokenized securities, those that are directly linked to the **** et they represent digitally and those that provide synthetic exposure. Of the two, only the direct exposure tokenized stocks qualify that meet all of the exemption's restrictions.
"The Commission is not cementing today's technology as the standard for tomorrow. Instead, it is allowing the market to evolve, monitoring its development, and using that insight to inform a nimbler and future-ready regulatory framework," SEC Chair Paul Atkins said in a statement.

#exposure #commission

A cryptocurrency ETF is an exchange-traded fund that gives investors exposure to cryptocurrency through a regular brokerage account with no crypto wallet, exchange, or private keys required. The most important type is the spot ETF, which holds the actual cryptocurrency (Bitcoin, Ether, etc.) in secure custody, so the fund's price tracks the real-time price of the coin. When you buy a share, you're getting direct exposure to the underlying **** et, wrapped in the familiar, regulated ETF structure. One technical note: U.S. spot crypto funds are structured as exchange-traded products — grantor trusts registered under the Securities Act of 1933 — rather than as 1940 Act ETFs, so they trade just like ETFs but do not carry all of the same investor protections.
This is a big deal because it removes the biggest barriers to crypto investing: custody risk, exchange hacks, and technical complexity. It also brings crypto into tax-advantaged accounts and lets investors hold it alongside their stocks and bonds in one place.
Spot Bitcoin ETFs launched in the U.S. in January 2024 and have become the fastest-growing ETF category ever. In 2026 they dominate the crypto ETF landscape.
IBIT (iShares Bitcoin Trust) was one of the first to market and is the runaway leader, with roughly $71 billion in **** ets — well over half of the entire spot Bitcoin ETF market. BlackRock's fund has become the default vehicle for institutional and retail Bitcoin exposure alike, prized for its deep liquidity and low cost. FBTC (Fidelity Wise Origin Bitcoin Fund) is second with about $18 billion, and GBTC (Grayscale Bitcoin Trust), the converted legacy fund, holds around $15 billion despite its higher fee. For most investors seeking Bitcoin exposure, IBIT and FBTC are the go-to, low-cost choices.
Spot Ethereum ETFs followed in July 2024 and form the second pillar of the crypto ETF world. ETHA (iShares Ethereum Trust) leads with roughly $11 billion in **** ets, followed by FETH (Fidelity Ethereum Fund) at about $2.3 billion. Ethereum offers a different investment thesis than Bitcoin as it's the backbone of decentralized applications, smart contracts, and much of the tokenization trend. This means ether ETFs give investors exposure to a distinct part of the digital-asset ecosystem.

#Bitcoin

Nasdaq (Nasdaq: NDAQ) announced on Sep. 10 that its strategic investment arm, Nasdaq Ventures, is investing $100 million in Payward, the parent company of the Kraken crypto exchange.
The two companies also announced a partnership to launch the Equity Token (NET) framework by the second quarter of 2027.
"The next era of market evolution will be defined by how efficiently and seamlessly capital and ****** ets move across the financial system with durable liquidity," said Nasdaq President Tal Cohen. "Expanding our relationship with Payward reflects our conviction that the company can play an important role in building the infrastructure that supports this evolution."
Related: What are tokenized stocks? Explained
Nasdaq and Payward had announced the NET partnership in March to support the tokenization of equities within "existing regulatory frameworks" which gives public issuers more control over the tokenized versions of their companies' stocks.

#NASDAQ #Companies

SAN FRANCISCO, Calif. — Maybe there is a public embrace to be had by dueling executives Vlad Tenev and Adam Aron.
"I'm open to it, you know, I love debates. I'm open to many things," Robinhood (HOOD) co-founder and CEO Vlad Tenev told Yahoo Finance from the Goldman Sachs Communacopia & Tech Conference (video above).
A fierce public war of words erupted on X between AMC Entertainment (AMC) CEO Adam Aron (known as the "Silverback" on X) and Tenev over the brokerage's extensive use of stock tokens that track AMC shares.
Aron ignited the dispute by blasting tokenization — the practice of issuing digital versions of ***** ets, such as stocks, on a blockchain network — as "contemptible," "vile," and "disgusting," demanding a cease-and-desist order while threatening legal action.
"What's the concern?" Tenev fired back, insisting that Robinhood's debt-backed derivatives do not require permission from the underlying companies.

#vlad #open #calif #maybe

Solana Foundation president Lily Liu has laid out the case for what she calls the "token supercycle", a long-term shift in which money, **** ets and ownership move onto blockchain infrastructure permanently, not as a trend but as a structural change in how markets work.
Solana is a high-speed blockchain network designed for fast, low-cost transactions. The Solana Foundation is the nonprofit organization that supports the network's development and ecosystem growth.
In an op-ed published Sep. 2, Liu argued that tokenization, the process of representing real-world **** ets like stocks, bonds or real estate as digital tokens on a blockchain, is not just another technology cycle but a fundamental reworking of who can issue, invest in and distribute financial **** ets.
Related: Billionaire says Bitcoin's next 3-year bull run has already begun
Liu pointed to four developments that she says have now converged. Stablecoins, digital tokens pegged to currencies like the U.S. dollar, have proven that money can move onchain at global scale. Financial institutions are beginning to bring traditional **** ets onto blockchains.

#foundation

Tether is putting fresh focus on Asia-Pacific as it expands its push into real-world ******* et tokenization, with Jed ******* f joining the company as Expansion Manager, Tokenization.
Nazif announced the move on LinkedIn, saying he will focus on driving RWA initiatives and expanding Tether's tokenization platform, Hadron by Tether, across APAC.
"I'm excited to drive RWA initiatives and Tether's tokenization platform, Hadron, in APAC," ******* f said.
The appointment comes as Tether increasingly looks beyond its core stablecoin business and builds infrastructure aimed at bringing traditional ******* ets onto blockchains.
Hadron, launched by Tether in 2024, is designed to help institutions issue and manage tokenized ******* ets across their lifecycle. The platform supports the tokenization of ******* ets including stocks, bonds, commodities, funds and reward points, alongside tools for KYC, blockchain reporting, capital-market management and regulatory guidance.

#tokenization #platform #apac #initiatives

Japan plans to proceed with a national blockchain-based settlement infrastructure for tokenized versions of stocks and ******* anese government bonds.
Japan's financial regulator, the Bank of ******* an, and major financial institutions are collaborating on the tokenization project.
Work on the project is expected to begin in early 2027, with operation of the new onchain system likely to begin in the early 2030s, according to media reports.
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#cryptoprowl

The SEC just formally proposed Regulation Crypto ******* ets, a new offering framework that would let crypto projects raise up to $5M through a one-time startup exemption or up to $75M annually through a tiered fundraising exemption.
The exemptions: The startup lane allows $5M over four years with no accredited-investor requirement or per-investor cap. The fundraising lane allows $75M every 12 months, split into a $20M Tier 1 and $75M Tier 2, with Tier 2 issuers needing audited financials and ongoing reporting, and non-accredited buyers capped at 10% of income or net worth. Tokens sold under either lane wouldn't carry a rule-based resale lockup.
The safe harbor: Once a team finishes, or permanently drops, the managerial work it promised, its token can shed "investment contract" status for good—a formalized version of the concept the SEC's March interpretive guidance first floated. The rule would also preempt state-level securities registration for these offerings and certain secondary trades.
What's missing: The SEC's separate "innovation exemption," expected to let firms tokenize actual securities like stocks and trade them onchain, wasn't part of Tuesday's release. The agency explicitly said it isn't touching registered-offering rules for "digital securities" this round, so tokenized equities on public blockchains remain unaddressed.
Why the delay: CoinDesk reported the tokenization piece had been expected to land alongside the fundraising rule before the SEC abruptly pulled an Aug. 14 meeting. The holdup has been tied to White House concerns about muddying live CLARITY Act talks, internal questions over the SEC's own statutory authority, and Wall Street's SIFMA objecting to using exemptive relief for market-structure changes.

#lane #rule #Crypto

Datavault AI Inc. (NASDAQ: $DVLT) has agreed to acquire Wyoming-chartered BankWyse, adding regulated custody and commercial banking capabilities to a tokenization platform that is beginning to show stronger revenue growth.
The deal remains subject to regulatory approval and customary closing conditions. BankWyse operates as a Wyoming Special Purpose Depository Institution, combining qualified custody with commercial banking services across digital **** ets and fiat currencies.
Datavault said the acquisition would connect banking and custody to a broader stack built around data valuation, tokenization and exchange infrastructure. Customers are expected to be able to bring data and real-world **** ets onto the platform, have those **** ets valued and tokenized, hold them in custody and eventually trade them through Datavault-operated exchanges.
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#wyoming

Robinhood Markets (NASDAQ: $HOOD) CEO Vlad Tenev is calling on U.S. regulators to approve tokenized stocks.
In a social media post, Tenev argues that the U.S. is at risk of ceding the next generation of financial-market infrastructure to overseas competitors.
The Robinhood CEO also said that the global financial system is in the early stages of a "tokenization super cycle" that has the potential to reshape traditional finance.
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#tenev #markets #NASDAQ

Datavault AI Inc. (NASDAQ: $DVLT) has agreed to acquire Wyoming-chartered BankWyse, adding regulated custody and commercial banking capabilities to a tokenization platform that is beginning to show stronger revenue growth.
The deal remains subject to regulatory approval and customary closing conditions. BankWyse operates as a Wyoming Special Purpose Depository Institution, combining qualified custody with commercial banking services across digital ******* ets and fiat currencies.
Datavault said the acquisition would connect banking and custody to a broader stack built around data valuation, tokenization and exchange infrastructure. Customers are expected to be able to bring data and real-world ******* ets onto the platform, have those ******* ets valued and tokenized, hold them in custody and eventually trade them through Datavault-operated exchanges.
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#assets #wyoming #data

Robinhood Markets (NASDAQ: $HOOD) CEO Vlad Tenev is calling on U.S. regulators to approve tokenized stocks.
In a social media post, Tenev argues that the U.S. is at risk of ceding the next generation of financial-market infrastructure to overseas competitors.
The Robinhood CEO also said that the global financial system is in the early stages of a "tokenization super cycle" that has the potential to reshape traditional finance.
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#robinhood #july

Most of the world's top cryptocurrencies, including Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), have struggled over the past year as inflation, fears of interest rate hikes, and other macro challenges drove investors toward more conservative investments. Bitcoin, which set a record high of over $126,000 last October, now trades at around $64,000. Ethereum, which reached an all-time high of nearly $5,000 last August, has dropped below $1,900.
That "crypto winter" will likely persist until those headwinds dissipate. However, there's one sector of the crypto market that continues to grow as conventional tokens fizzle out. According to CoinShares, deposits of real-world ******* ets (RWAs) on blockchains more than tripled year over year to $7.4 billion in the second quarter of 2026. Let's see why that niche market is expanding, and how investors can profit from its future growth.
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Tokenized RWAs are physical or traditional financial ******* ets -- including stocks, bonds, commodities, real estate, and even fine art -- that are digitized into tokens on a blockchain. That tokenization makes those ******* ets easier to transfer and cuts out the middlemen.
Tokenized stocks and bonds can be traded 24/7 at faster speeds and lower fees than traditional brokerages and banks. Tokenized commodities, such as gold and silver, can be traded easily, with instant liquidity and no physical storage issues. Tokenized real estate and art can be sold much faster, with ownership easily split into fractional shares among multiple buyers. Stablecoins, which are pegged to stable fiat currencies like the U.S. dollar or the euro, can be traded faster and more cheaply while earning higher yields than their conventional counterparts.

#tokenized #year

Our ****** ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Management is shifting focus toward issuer-sponsored tokenization, where companies choose to tokenize actual shares on official registers rather than using synthetic third-party wrappers.
The pending acquisition of Equiniti is central to this strategy, providing a direct relationship with nearly 3,000 corporate issuers and 20 million shareholders to drive adoption of tokenized securities.
Second quarter performance was characterized by resilient recurring revenue from subscription services and other (SS&O) lines, which helped offset a moderation in crypto trading volumes and market volatility.
The company successfully executed the first trades of tokenized Bullish shares on its own regulated venue, moving the tokenization strategy from a conceptual blueprint to operational reality.

#strategy #tokenized #bullish

Zerohash has fallen short in its quest to secure a U.S. Trust Bank Charter.
Privately held Zerohash is a Chicago-based financial technology company founded in 2017 that provides infrastructure for trading in digital **** ets such as Bitcoin (CRYPTO: $BTC).
Zerohash allows banks, brokers, and fintech platforms to integrate crypto trading, stablecoin payments, staking, and **** et tokenization without having to build their own blockchain systems.
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#trading #Bitcoin

Boerse Stuttgart Digital, a major European institutional crypto and digital ****** et infrastructure partner, and institutional crypto trading firm Tradias have completed their merger after clearing the required ownership control procedure, creating a combined digital ****** et infrastructure business with around 300 employees.
The merger, announced in February, brings the companies' regulated crypto operations under the Boerse Stuttgart Group umbrella as the businesses seek to expand their presence among financial institutions across Europe. The combined unit will operate under the Boerse Stuttgart Digital name, while Tradias will remain the brand for trading services, according to a Wednesday announcement.
The newly formed business will offer a range of crypto and digital ****** et services, including trading, custody, staking and tokenization, covering what the companies describe as the full value chain. Its headquarters will be split between Frankfurt and Stuttgart, with additional offices in Athens, Beirut, Berlin, Dubai, Madrid, Milan and Ljubljana.
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#Crypto #asset #brings #institutional

BlackRock has launched tokenized share classes for a range of European money market funds holding a combined $311 billion, its first on-chain fund access in Europe.
The 12 new share classes sit across six funds in the BlackRock Institutional Cash Series, covering euro, sterling and U.S. dollar strategies in both distributing and accumulating form. Tokens are minted on Ethereum using Kinexys, J.P. Morgan's blockchain unit, which handles minting and burning and acts as the layer between on-chain activity and the traditional share register.
Each token represents a share in the underlying fund, and the official shareholder register continues to be maintained by the fund's transfer agent. Smart contracts move holdings between approved investor wallets, which BlackRock said delivers round-the-clock peer-to-peer transferability and near real-time visibility.
"Today's launches represent an important evolution in how investors access and manage cash, while helping modernise capital markets infrastructure," Beccy Milchem, Global Head of Cash Distribution and Head of the International Cash Management business at BlackRock, said in a press release shared with Decrypt.
Kara Kennedy, global head of market development at Kinexys, noted that, "Tokenization has moved from concept to execution," while BlackRock pointed to corporate treasury management, digital collateral and bank and wealth distribution channels as the use cases it expects the structure to open up.

#blackrock

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
With days left before the August 7 deadline, Bitwise Chief Investment Officer Matt Hougan says passing the CLARITY Act has a coin flip's chance—though the market could even stomach a failed attempt.
Hougan told Cointelegraph that BlackRock's largest ETF is now a crypto ETF, Goldman Sachs is hiring in tokenization, and JPMorgan is building on blockchain.
Two more years of the current regulatory environment, he argued, gives the industry enough runway to become too large for any future administration to meaningfully roll back.
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#hougan #august #chief #officer

This article was originally published on ETFTrends.com.
Bitcoin remains dominant, but that ETF demand has become more selective toward the lowest-cost products.
Hyperliquid ETFs show that investors still reward differentiated use cases, flexibility, and credible growth narratives.
Active multi-token ETFs can provide a nimble solution to combat the dynamic nature of the crypto market.
The crypto market has entered a more selective phase. Financial institutions continue to explore practical concepts like tokenization, stablecoins, and incorporating crypto trading alongside equities on their platforms. This momentum persists even as broader enthusiasm for cryptocurrencies has cooled. And in the background, regulatory progress continues to evolve as the CLARITY Act nears the finish line, providing tailwinds for the long term.

#financial

If you ask people whether you should buy/sell/hold gold, most today would say buy or hold.
Of course, gold did hit an all-time high of $5,589 in January 2026, largely on the backs of central banks buying in record numbers as reserve diversification has come into fashion amid rising geopolitical tensions.
Gold is trading around $4,000 right now, so it's down a ways from its peak, though it's still up 120% over the past 5 years. Even Bitcoin, i.e. digital gold, is up 115% in that span.
Then there's Ethereum. ETH currently trades around $1,900, which is down 5% from where it was trading at ($2k) at this point in 2021.
So gold doubled, and BTC doubled, yet the flagship programmable money venture (with native yield, the most stablecoins, institutional tokenization experiments, etc.) has underperformed.

#Gold #down #january #Bitcoin

The value of tokenized U.S. Treasuries has surged nearly 2.5 times in a year, latest data from rwa.xyz reveals.
The value of tokenized U.S. Treasuries, which stood at $6.51 billion on July 20, 2025, has surged to $15.92 billion within a span of a year.
In simple words, tokenization is the process of converting real-world ****** ets (RWAs)—like real estate, stocks, or government bonds—into digital tokens on a blockchain.
Each such token represents full or fractional ownership of the underlying ****** et, offering the exposure to a popular ****** et with the efficiency of digital ****** ets.
As per rwa.xyz, tokenized U.S. government debt, including T-bills, notes, bonds, and Treasury-focused money market funds have a distributed value of $15.92 billion as of July 19.

#billion #assets #government

Hyperliquid (CRYPTO: $HYPE) has announced plans to add decentralized prediction markets to its platform as it diversifies into new revenue streams.
Hyperliquid is a decentralized Layer-1 blockchain with an integrated decentralized exchange designed for spot and perpetual futures trading. It's now getting into prediction markets.
Going forward, anyone will be able to offer a prediction market on Hyperliquid's platform, subject to approval from validators.
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#markets #going

Bitmine Immersion Technologies (NYSE: $BMNR) slowed its purchases of Ethereum (CRYPTO: $ETH) over the past week as it moved to buyback its own stock.
The company led by Chairman Tom Lee bought 7,430 Ethereum over the last week, slowing its buying as it redirected capital to share repurchases.
The latest ETH purchase, worth $14 million U.S., lifted BitMine's holdings to 5.78 million Ethereum, or roughly 4.8% of the cryptocurrency's total circulating supply.
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#NYSE

Strategy (NASDAQ: $MSTR) has left its holdings of Bitcoin (CRYPTO: $BTC) unchanged for a second consecutive week as it continues to build-up its cash reserves.
The world's largest corporate owner of Bitcoin raised its cash reserves by $225 million U.S. over the past week after selling some common stock, bolstering its liquidity.
Strategy's U.S. dollar reserves now stand at $3.23 billion U.S. while the company's Bitcoin stack remains steady at 843,775 BTC worth $54.5 billion U.S. at current prices.
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#Crypto #cryptoprowl

The price of Hyperliquid (CRYPTO: $HYPE) is down 10% on July 17 and leading cryptocurrencies lower as stock markets around the world retreat.
HYPE is the worst-performing digital ***** et on the day, trading at $60 U.S. and down 10%. For the week, Hyperliquid has seen its price fall 12%, its steepest decline since June.
The selloff in HYPE comes with other major cryptocurrencies sliding lower. In early trading, Bitcoin (CRYPTO: $BTC) is down a little more than 1% and trading at $63,000 U.S.
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Securitize Corp. (NYSE: $SECZ) and Cantor Fitzgerald are taking tokenization into the primary equity market, creating a pathway for public companies to conduct initial public offerings and follow-on offerings onchain.
The agreement combines Cantor's equity capital markets and trading capabilities with Securitize's regulated infrastructure for issuing, distributing and servicing tokenized securities. Securitize Markets, the company's SEC-registered broker-dealer affiliate, will participate in the offering and settlement process.
Public companies using the structure would still operate inside the established framework for traditional offerings. Blockchain infrastructure would sit underneath the issuance process, supporting digital ownership records, greater transparency and access to investors already active across onchain markets.
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Strategy's (NASDAQ: $MSTR) recent Bitcoin (CRYPTO: $BTC) sales are not the main risk facing the cryptocurrency or the market for digital **** ets, says JPMorgan Chase (NYSE: $JPM).
Analysts at the largest U.S. bank say that the bigger threat to the cryptocurrency market comes from adoption that does not benefit public blockchains and their tokens.
Nikolaos Panigirtzoglou, the lead crypto **** yst at JPMorgan, said in a new report that the crypto ecosystem could see slower activity, lower liquidity, and weaker capital flows as tokenization, payments, and settlement increasingly happen outside public crypto networks.
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Tether (CRYPTO: $USDT) is investing $20 million in Mercado Bitcoin, backing one of Latin America's largest regulated crypto platforms as tokenization, stablecoin payments and onchain financial services gain ground across the region.
The investment is part of a strategic growth financing round for Mercado Bitcoin, which has expanded from a digital ******* et exchange into a broader financial services platform spanning tokenized investments, credit, payments, banking infrastructure and cross-border services.
Mercado Bitcoin serves 4.5 million users and has issued more than R$2 billion in tokenized ******* ets. The company also operates through more than 10 licenses across Brazil and Europe, including a Payment Institution license from Brazil's central bank, broker-dealer capabilities, a securitization platform and ******* et management operations.
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Shares in BlackRock-backed tokenization firm Securitize (SECZ) are up more than 8% in their trading debut, recently changing hands at $12.75.
The firm began trading on the New York Stock Exchange (NYSE) Thursday, eight years after its founding, thanks to a merger with a Cantor Fitzgerald-backed blank check firm.
"Our focus is unchanged: building the regulated infrastructure for the next generation of capital markets," the firm posted on X.
While its shares hit traditional equity markets on Thursday, they also landed on the blockchain, with tokenized versions of $266 million worth of SECZ issued—a mark the firm said makes it the largest tokenized stock in the world.
"We have long said that public equities are moving on-chain, and there is no stronger validation of that belief than tokenizing our own public stock on Day 1," said Carlos Domingo, co-founder and CEO of Securitize, in an article posted by the firm on X.

Vltava Fund, a value-focused investment management company, published its investor letter for the second quarter of 2026. A copy of the letter can be downloaded here. The letter explores the growing role of AI and how certain facets of human intelligence may become less valuable economically, while other skills become more important. The author emphasizes that despite AI's expanding capabilities in information collection and basic modeling, qualities like sound judgment, good taste, patience, original thinking, strategic skepticism, and the ability to recognize significance will continue to hold their value. Despite the excitement around A.I., fundamental investment principles remain unchanged. Please review the Fund's top five holdings to gain insights into their key selections for 2026.
In its second-quarter 2026 investor letter, Vltava Fund highlighted Visa Inc. (NYSE:V). Visa Inc. (NYSE:V) is a multinational financial services company known for its payment technology network that offers credit, debit, and prepaid card products and other services. On July 2, 2026, Visa Inc. (NYSE:V) closed at $351.08 per share. One-month return of Visa Inc. (NYSE:V) was 11.92%, and its shares gained 0.91% over the past 52 weeks. Visa Inc. (NYSE:V) has a market capitalization of $688.68 billion.
Vltava Fund stated the following regarding Visa Inc. (NYSE:V) in its Q2 2026 investor letter:
"We bought shares in Visa Inc. (NYSE:V) and Kaspi.kz. Visa probably needs little introduction. Nevertheless, I'll describe the company briefly, as people are often surprised by just how complex and sophisticated its business is. Visa is not a "card company" in the simple sense of the word. It is a global technology infrastructure for electronic payments that connects banks, merchants, consumers, payments processors, governments, and companies. Its main role is to ensure that payments between two parties are processed quickly, securely, reliably, and with minimal risk without regard to the country, currency, bank, card type, or sales channel involved.
The sophistication of Visa's business lies in the fact that it is not just about forwarding the payment itself. Visa operates an extensive payment network full of rules, technologies, and security standards. It also handles transaction authorization, fraud prevention, settlement, tokenization, data ***** ytics, and risk management. Every payment looks simple to the customer. A person taps with a card or clicks in an online store, but behind all of this lies a highly complex system coordinating among many participants in the financial ecosystem…" (Click here to read the full text)