UBS, a major Swiss bank, has tested its blockchain-based gold investment product called UBS Key4 Gold on the Ethereum Layer-2 network, ZKSync.This trial used ZKSync’s Validium mode, which allows for secure and private transactions while enabling fractional gold purchases. This step shows how traditional financial institutions are increasingly adopting blockchain for asset tokenization.On January 31, ZKSync announced that UBS, which manages $5.7 trillion in assets, is looking into blockchain to…
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