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UBS is pioneering blockchain technology by testing a digital gold investment product, UBS Key4 Gold, on the ZKsync Validium network, enhancing scalability and privacy for retail investors. This initiative follows the bank's recent launch of a tokenized fund on Ethereum, reflecting its commitment to integrating blockchain into traditional finance.ZKsync aims to process 10,000 transactions per second by 2025, significantly reducing fees. As privacy concerns hinder institutional crypto adoption, advancements in technologies like fully homomorphic encryption could unlock substantial capital for the crypto industry.
Union Bank of Switzerland (UBS) is leveraging blockchain technology to enhance digital gold investments for retail clients through its new product, UBS Key4 Gold. This initiative utilizes the Ethereum layer-2 network ZKsync Validium, which addresses scalability, privacy, and interoperability challenges, allowing for efficient transactions. UBS's commitment to integrating blockchain reflects a broader trend among traditional financial institutions to modernize their offerings and tap into new markets.
UBS is testing blockchain technology to enhance digital gold investments for retail clients, utilizing ZKsync Validium to improve scalability, privacy, and interoperability. The bank's UBS Key4 Gold product, initially on a permissioned blockchain, aims for global expansion with higher transaction throughput and lower fees. ZKsync plans to achieve over 10,000 transactions per second by 2025, potentially attracting more institutional interest in blockchain through privacy-preserving technologies.
UBS is testing blockchain technology to enhance digital gold investments for retail clients, utilizing ZKsync Validium to improve scalability, privacy, and interoperability. The bank's Key4 Gold product, initially on a permissioned blockchain, aims for global expansion while ZKsync targets processing 10,000 transactions per second by 2025 with minimal fees. Privacy-preserving technologies are seen as crucial for driving institutional adoption of blockchain, potentially unlocking significant capital in the crypto space.
ZKsync aims to achieve over 10,000 transactions per second (TPS) and reduce fees to $0.0001 by 2025, enhancing Ethereum's scalability and usability. The roadmap emphasizes the development of its Elastic Network and ZK Stack, positioning them as essential tools for blockchain builders. Privacy-preserving technologies, including ZK-proofs, are gaining traction, potentially attracting mainstream institutions to decentralized finance (DeFi) by offering a more secure and private experience akin to Web2.
Remi Gai
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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