UBS


Finance

UBS, Chainlink Execute First Onchain Tokenized Fund Redemption in $100T Market

The transaction involved the tokenized UBS USD Money Market Investment Fund Token (uMINT) on Ethereum, with DigiFT as the onchain distributor.

UBS logo above road (Claudio Schwarz/Unsplash/Modified by CoinDesk)

Finance

Chainlink, UBS Advance $100T Fund Industry Tokenization via Swift Workflow

The solution uses CRE to process subscriptions and redemptions for tokenized funds, enabling institutions to access blockchain infrastructure using existing tools.

Stock market price charts (Anne Nygård/Unsplash)

Finance

UBS, PostFinance and Sygnum Conduct Cross-Bank Payments on Ethereum

The proof of concept, run under the Swiss Bankers Association, saw UBS, PostFinance, and Sygnum Bank carry out transactions using deposit tokens.

Swiss flags

Markets

Chainlink's LINK Gains as DigiFT, UBS Fund Tokenization Pilot in Hong Kong

DigiFT, Chainlink and UBS won approval under Hong Kong’s Cyberport subsidiy scheme to build automated infrastructure for tokenized financial products.

Chainlink (LINK) price today (CoinDesk)

Tech

The Protocol: Ethereum’s Wall Street Cheerleader

Also: Arbitrum integrates Bitcoin; UBS tests ZKSync for gold

Wall Street street sign

Tech

UBS Tests ZKSync's Layer-2 Tech, Showing Deeper TradFi Interest in Crypto

The Swiss banking giant, which has been experimenting with blockchain, tapped the layer-2 firm to test whether it could scale its current Key4 Gold program.

UBS Bank (Wikipedia)

Tech

Chainlink, UBS Asset Management, Swift Complete Pilot to Extract Cash From Tokenized Funds

The pilot was run as part of the Monetary Authority of Singapore's Project Guardian.

(Swift)

Finance

UBS and Citi Will Let Some Customers Trade Bitcoin ETFs, Contrary to Rumors

The banking giants' decisions contrast with Vanguard's decision to bar customers from buying bitcoin ETFs.

UBS logo (Claudio Schwarz/Unsplash)

Policy

UBS Group’s Wealthy Clients Can Now Trade Some Crypto ETFs in Hong Kong: Bloomberg

The news comes a day after HSBC, one of the world's largest banks, said it plans to start a digital-assets custody service for institutional clients.

(Shutterstock)

Markets

Bank of China’s BOCI Issues Tokenized Securities on Ethereum in Hong Kong

It’s the first-such transaction by a Chinese financial institution in Hong Kong, according to the company.

(Ruslan Bardash/Unsplash)