UBS, the largest bank in Switzerland, uses Zksync Validium, an Ethereum Layer 2 (L2) solution, enhancing UBS KEY4 GOLD, the number of gold investment products, and completes concept demonstration (POC). did. In particular, pilots aim to deal with scalability, privacy, and interoperability issues in digital gold transactions.
。@ubsSwitzerland’s biggest bank is modernizing digital gold investment @zksync。
In Ubs Gold’s POC, they tested Zksync Valium. Goal: Create scalability, privacy, and interoperability for global expansion.
Let’s fly in pic.twitter.com/4sw2xofrls
-zksync (∎, ∆) (@zksync) January 31, 2025
Switzerland UBS: Improvement of scalability and security
The POC has been implemented on the Zksync Validium Testnet and has been simulated a licensed blockchain to link Ubs Gold Network, Vault, fluid providers, and distributors. Through this trial, UBS has successfully reproduced important features such as gold tokens, transaction processing, and reconciliation.
CHRISTOPH PUHR, UBS Group’s digital asset lead, emphasizes the importance of blockchain innovation in the financial sector in the announcement of X.
“This is another wonderful example of how UBS is in cooperation with technology providers to stay at the forefront of innovation. Token securities often bring new solutions to clients, but scalability, privacy, and privacy. And the pocs of the ZKSync are still important to solve them.
Major functions of UBS KEY4 gold on zksync
Using UBS KEY4 GOLD allows retail investors to purchase money for the price of real -time price, deep fluidity, safe storage, and optional physical distribution. By integrating ZKSync Validium, POC has demonstrated some improvements.
Privacy: Users can only access Activity while maintaining verification via Ethereum’s L1 BRIDGE smart contract. Interprecoins, which was bridged from EtherEum, purchased a gold token.
Alex Gluchowski, a ZKSync co -op person, emphasized the wider meaning of technology. “This POC reflects the continuous efforts of UBS to explore ways to strengthen financial provision and support a wider digital asset strategy. I have a financial future. I believe that ZK technology becomes a growing catalyst. “
Wide effects by UBS and Zksync
The blockchain -based pilot follows the UBS previous blockchain initiatives, including the launch of a fund token in Ethereum in November 2024. Banks continue to investigate how blockchain can be integrated with the conventional financial structure.
On the other hand, ZKSync pushes toward the 2025 roadmap target and aims for a transaction speed of 10,000 transactions (TPS) per second and near zero. Zero knowledge certification technology (ZK proof) that supports ZKSync aims to improve Ethereum scalability, security and privacy.
As UBS evaluates the results of POC, the adoption of blockchain in conventional banks may be further accelerated by tokenized assets and digital securities.
