Switzerland’s Largest Bank Tests Tokenized Gold Product on Ethereum Layer-2 ZKsync

Switzerland’s Largest Bank Tests Tokenized Gold Product on Ethereum Layer-2 ZKsync

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Union of Switzerland (UBS), the largest bank in Switzerland, tests a symbolic gold product on ETHEREM (EthSolve the scaling layer 2 (ZK).

On a new topic on the x social media platform, developers behind ZKsyNC He says UBS tests the distinctive gold investment products on Blockchain as a way to improve jobs for global use.

The UBS Key4 Gold is now testing, which allows users to buy and sell gold units on the series-on the Layer-2 network, according to its developers.

“UBS, the largest bank in Switzerland, updates digital gold investments on ZKSYNC. In POC (concept evidence) for UBS Gold, they tested ZKsync Varidium. Objective: Treating expansion, privacy and inter -operation of global expansion …

UBS Key4 Gold allows broken gold investments for retail customers and includes actual time, deep liquidity, safe material storage and optional delivery. UBS Key4 Gold is designed on the Gold UBS network, which is permissible Blockchain linking cellars, liquidity providers and distributors. “

Zksync He says UBS has published smart contracts on Testnet Validium was success.

like I mentioned Written by Zksync, co -founder Alex Gluchowski,

“This POC reflects the continuous UBS efforts to explore how Blockchain can enhance its financial offers and support the wider digital asset strategy. I think a firm belief that the future of financing will happen on the series and the ZK technology will be the catalyst for growth.

This POC is a testimony on the fact that ZKsyNC is the ideal home for distinctive assets, building web3 without a compromise. We are excited to play an integral role in the continuous development of space. “

ZK is trading for $ 0.142 at the time of this report, a 6.8 % decrease per day.

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