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February 2, 2025 at 12:56 PM
UBS Tests #zksync's Layer-2 Tech, Showing Deeper TradFi Interest in #crypto
source: coindesk
๐ธUBS completed a proof-of-concept of its "UBS Key4 Gold" offering on the Ethereum layer-2 network ZKsync.
๐ธUBSโ Key4 Gold is one of the bank's offerings that lets its Swiss clients purchase a direct claim to physical gold.
๐ธThe aim of the experiment was to look for ways to scale its gold offering while preserving its privacy