Swiss bank UBS tests blockchain for digital gold investments on ZKsync
UBS is testing blockchain for digital gold trading using ZKsync, aiming to enhance security, scalability and accessibility for retail investors.
Switzerland’s largest bank, UBS, is experimenting with blockchain technology to modernize digital gold investments for retail investors.
The Union Bank of Switzerland (UBS), with over $5.7 trillion in assets under management, has completed a proof-of-concept for its fractional gold investment product, UBS Key4 Gold, on the Ethereum layer-2 (L2) network ZKsync Validium.
By leveraging ZKsync, UBS aims to address scalability, privacy and interoperability for the retail-facing product’s global expansion.
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Author: Zoltan Vardai
