Visa

Visa runs the largest payment network in the world, and like its rival Mastercard it profits from moving money rather than lending it. Every swipe, tap or online purchase on a Visa card routes through its network, which authorizes the transaction and passes it between the shopper's bank and the merchant's for a tiny fee, a toll that adds up to staggering scale: the network handles hundreds of billions of transactions worth trillions of dollars a year. Because its costs barely grow with volume, Visa is one of the most profitable large companies in existence. It began as BankAmericard in 1958 before being spun out and taken public in 2008, and it is based in San Francisco. The stock is a bet on the steady global shift from cash to digital payments, and it carries no direct consumer credit risk, since the banks that issue the cards bear that.

On MyRWA, V trades tokenized across 22 on-chain venues - see the listings below.