1/ Visa has introduced the Visa Tokenized Asset Platform (“VTAP”), a new product designed to help banks issue and manage fiat-backed tokens on blockchains. Major international bank, BBVA, will be among the first to use VTAP, creating tokens on Ethereum with live pilots expected in 2025. 2/ Bitwise has filed the first Form S-1 for a spot XRP ETF with the U.S. SEC. If approved, the ETF will provide direct exposure to the value of XRP. Additionally, Ripple has received in-principle license approval from the Dubai Financial Service Authority, allowing it to establish a presence in the UAE for cross-border payment services. 3/ Beginning in 2025, banks in North America, Europe, and Asia will use Swift's network to conduct live trials of digital asset and currency transactions. These trials aim to demonstrate Swift's ability to facilitate the transfers of value between over four billion accounts across 200 countries and territories. The focus will be on payments, FX, securities, and trade.