Banking Giant UBS Tests Blockchain-Based Gold Trading on ZKSync

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UBS, one of Switzerland’s top banks, has successfully tested its UBS Key4 Gold product on the EtheUBS, one of Switzerland’s top banks, has just made an exciting move. They’ve successfully tested their UBS Key4 Gold product on Ethereum’s Layer 2 network, ZKSync.

It’s a new way for customers to buy physical gold using blockchain technology – combining the old with the new. This breakthrough offers not just convenience but also enhanced privacy, scalability, and security.

.@UBS, Switzerland’s largest bank, is modernizing digital gold investments on @ZKsync.

In a PoC for UBS Gold, they tested ZKsync Validium. The goal: To address scalability, privacy, and interoperability for global expansion.

Let’s dive in