Union Bank of Switzerland (UBS), the largest bank in Switzerland, is testing a tokenized gold product on the layer 2 -layer (ETH) ZKSYNC (ZK).
In a new thread on the X social media platform, the developers behind Zksync say that UBS tests its token gold investment products on blockchain as a means of improving global use features.
The product – UBS Key4 Gold, which allows users to buy and sell chain gold units – is now tested on the layer 2 network, according to its developers.
“UBS, the largest bank in Switzerland, modernizes investments in digital gold on Zksync. In a POC (proof of concept) for UBS Gold, they tested Zksync validium. The objective: to approach scalability, confidentiality and interoperability for global expansion …
UBS Key4 Gold allows fractional gold investments for retail customers and includes prices in real time, deep liquidity, secure physical storage and optional delivery. UBS Key4 Gold is built on the UBS Gold network, an authorized blockchain connecting the chests, liquidity suppliers and distributors. »»
ZKSYNC says that UBS deployment of smart contracts on his testnet validium was a success.
As indicated by the co-founder of Zksync, Alex Gluchowski,
“This POC reflects UBS’s continuous efforts to explore how blockchain can improve its financial offers and support its wider digital asset strategy. I firmly believe that the future of finance will take place on the channel and ZK technology will be the catalyst for growth.
This poc testifies to the fact that Zksync is the ideal house for tokenized assets, creating web3 without compromise. We are delighted to play an essential role in the continuous evolution of space. »»
ZK is negotiated at $ 0.142 at the time of the editorial staff, a drop of 6.8% compared to the day.
Do not miss a beat-Subscribe to obtain alerts by e-mail delivered directly in your reception box
Check price action
Follow us XFacebook and telegram
Surf the daily Hodl mixture
& nbsp
Warning: Opinions expressed at Daily Hodl are not investment advice. Investors should make their reasonable diligence before making high-risk investments in bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and that all the losses you may undergo are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, and the Daily Hodl is an investment advisor. Please note that the Daily Hodl is participating in affiliation marketing.
Image generated: Midjourney
