The Bitpanda exchange, in collaboration with the Vision Web3 Foundation and Ethereum’s Layer 2 (L2) network Optimism, announced on March 25 this year the launch of Vision Chain, a chain designed to enable European financial institutions to issue, manage, and settle tokenized assets under the European Union’s regulatory framework.
The network works as follows.Ethereum L2, built on Optimism technology stackCompatible with , MiCA (European Cryptoassets Market Regulation), MiFID II (Financial Markets Directive), and DORA (Digital Operational Resilience Act).
Each of the three partners plays a different role within the project. Vienna-based Bitpanda is the commercial developer of the network and access channel for end users and business partners.
Vision Web3 Foundation, founded by Bitpanda in 2025 and based in Zug, Switzerland, is an independent and responsible organization. To issue and manage VSN tokenswhich oversees the governance of the protocol and distributes grants to developers.
Optimism, through the OP Enterprise model, Underlying technology infrastructure. We manage chain deployment, infrastructure operations, and protocol updates, allowing Bitpanda and the Foundation to focus on product development.
VisionChain aims to ensure that European financial institutions wishing to manage tokenized assets do not have to build their own private networks that are closed to each other and have no connections to the rest of the global ecosystem. Therefore, avoid High development costs, fragmented liquidity, and lack of interoperability.
Moreover, this proposal has a clear economic logic compared to traditional finance. In traditional banking systems, international money transfers take 1 to 5 business days, involve multiple correspondent banks, and incur fees at each link in the chain.
In the crypto asset network, The same operation can be completed in secondslower fees and no need for a middleman to verify each step. VisionChain aims to enable European banks to take advantage of this efficiency without abandoning the regulatory framework that governs them.
Features of Vision Chain and role of VSN token
Vision Chain is Ethereum L2 built with Optimism technology and inherits base layer security through a mechanism called . evidence of fraud (evidence of fraud). This tool allows anyone to post evidence on the Ethereum mainnet if they detect that a Vision Chain block is invalid. thus forcing a correction of the state.
Meanwhile, Bitpanda said in a statement that network fees will be paid in MiCA-compatible Euro stablecoins, such as Circle’s EURC and Société Générale’s EURCV (EUR CoinVertible), thereby eliminating exposure to crypto volatility in institutional operations.
The Bitpanda team added that the network: Designed to support institutional trading volumesHowever, no specific capacity metrics are specified.
VSN tokens issued by the Vision Web3 Foundation are described by the organization as follows: “Commercial engine” (economic engine) of the vision chain. According to the announcement, a portion of the revenue generated by the network will be Obtain and write VSN tokencreating a direct relationship between chain usage and token value.
Additionally, VSN enables on-chain governance through voting and funding. community grants (Community Grants) Foster application development and innovation in the ecosystem.
For Bitpanda’s end users, the company’s announcement promises access to future investment products Previously reserved for institutional participantssuch as tokenized assets issued by banks and fintechs.
The trend is not limited to vision chains.
Vision Chain’s launch coincides with similar moves in the U.S. banking system. As reported by CriptoNoticias, on March 17, the ZKsync team, another L2 of Ethereum, announced the Cari Network, an interbank network founded in collaboration with five regional US banks: Huntington Bancshares, First Horizon, M&T Bank, KeyCorp, and Old National Bancorp. Build a digital payment infrastructure ZKsync authorization layer for regulated financial institutions on top of Prividium.
Cari’s model differs from Vision Chain’s in one important way. That is, the tokens issued by Cari are not independent assets; Digital representation of deposits They remain on the issuing bank’s balance sheet, are subject to regulatory oversight, and are subject to U.S. government deposit insurance.
Instead, Vision Chain aims to issue a broader range of tokenized assets on an open public network, including investment products previously reserved for institutional investors.
What both projects have in common is the same diagnosis. Traditional payment systems, which operate during limited banking hours and take one to two business days to complete, are being replaced by “blockchain” infrastructure that operates 24 hours a day with near-instant payments.
(Tag translation) Bitpanda
