Union Bank of Switzerland (UBS), the largest bank in Switzerland, is testing a tokenized gold product on Ethereum (ETH) layer-2 scaling solution ZKsync (ZK). In a new thread on the social media platform X, the developers behind ZKsync say that UBS is testing out its tokenized gold investment products on the blockchain as a means […]
The post Switzerland’s Largest Bank Tests Tokenized Gold Product on Ethereum Layer-2 ZKsync appeared first on The Daily Hodl.
UBS predicts gold’s 2025 rally could defy rate cuts and a strong dollar, fueled by central bank demand and economic uncertainty. Why UBS Is Still Bullish on Gold for 2025—Even With Rate Cuts in Limbo UBS, the Swiss multinational investment bank and financial services giant, has offered an optimistic outlook on gold for 2025, despite […]
UBS signals a prime buying range for gold on price dips, projecting steady growth and recommending a 5% allocation in balanced portfolios. UBS Sounds Alarm: What Keeps Gold’s Value Steady Under New US Leadership? Global investment bank UBS published a report Monday highlighting the enduring value of gold as a hedge, despite a recent pivot […]
UBS has unveiled a major breakthrough with UBS Digital Cash, a blockchain-based solution poised to revolutionize cross-border payments. UBS Digital Cash: A Blockchain-Driven Shift in Global Payments Financial giant UBS announced on Thursday the successful pilot of UBS Digital Cash, a blockchain-based multi-currency payment solution aimed at enhancing transparency, efficiency, and control in cross-border transactions […]
“Just as Amazon evolved beyond books to redefine entire industries, Ethereum may surprise us with revolutionary use cases that we can't fully envision today,” a 21Shares executive said.
Wall Street investors are still largely unaware of Ethereum’s potential, similar to Amazon in the early 1990s before it became a $2 trillion tech giant, according to a research analyst at crypto asset manager 21Shares.
Spot Ether (ETH) exchange-traded funds launched in July but have seen relatively small inflows compared with spot Bitcoin (BTC) ETFs.
Leena ElDeeb, Research Analyst at 21Shares, told Cointelegraph that large inflows into ETH ETFs will happen only when Ethereum’s potential is understood.
UBS Asset Management is unveiling its first tokenized investment fund on the leading smart contract platform Ethereum (ETH). In a statement, the global wealth manager and multinational investment bank says the UBS USD Money Market Investment Fund Token (uMINT) will be made available through authorized distribution partners. The Swiss firm with over $5.7 trillion in […]
The post Banking Giant UBS Rolls Out Tokenized Money Market Fund on Ethereum (ETH) appeared first on The Daily Hodl.
UBS has launched its first tokenized fund, offering institutional-level cash management via Ethereum blockchain to meet the rising demand for digital assets. Behind the Curtain: UBS’ First Tokenized Fund Breaks New Ground in Asia UBS Asset Management announced on Friday the launch of its first tokenized investment fund, the “UBS USD Money Market Investment Fund […]
Global investment bank UBS is forecasting a “no landing” scenario for the U.S. economy, where growth continues and inflation remains stable, defying predictions of recession. With stronger-than-expected jobs data and GDP growth, UBS expects election-driven market volatility but sees economic momentum and AI trends supporting equities growth as the Fed moves toward rate cuts. UBS […]
Global investment bank UBS remains optimistic about market prospects despite escalating geopolitical tensions in the Middle East. While fighting between Israel and Hezbollah and missile attacks from Iran have caused concern, oil prices are stable, gold remains near record highs, and U.S. recession fears are easing. UBS advises investors to hold onto risk assets, citing […]
In early September, analysts from the financial powerhouse Goldman Sachs projected that the price of gold would hit $2,700 per ounce by next year. Fast forward to a month later, and Goldman’s market strategists are now setting their sights even higher, forecasting gold to climb to $2,900 per ounce in 2025. Gold Set for Gains: […]