Swiss bank UBS tests blockchain for digital gold investments on ZKsync
UBS is testing blockchain for digital gold trading using ZKsync, aiming to enhance security, scalability and accessibility for retail investors.
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UBS is testing blockchain for digital gold trading using ZKsync, aiming to enhance security, scalability and accessibility for retail investors.
UBS, a popular bank in Switzerland, has successfully tested its UBS Key4 Gold product on Ethereum Layer 2 network ZKSync. The product allows customers to purchase physical gold using blockchain technology while maintaining scalability, privacy and interoperability. Let's explore how this breakthrough can shape the future of digital gold trading. .
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.
Swiss banking giant UBS completes proof-of-concept for its Key4 Gold service on zkSync, exploring blockchain integration for fractional gold investments and physical delivery options.
Mountain Protocol has announced the native issuance of its yield-bearing stablecoin USDM on ZKsync Era. The launch enables ZKsync (ZK) users to leverage the USDM stablecoin in decentralized finance while earning yield from tokenized Treasury bills.
300 million ZK up for grabs.
Tokenization platform Tradable has made significant strides in the private credit market by tokenizing $1.7 billion worth of assets on the ZKSync network, marking a major milestone in integrating blockchain technology into private credit markets. According to CoinTelegraph on January 17, Tradable announced the tokenization of over 30 institution-grade credit positions, representing high-quality credit assets.
ZKsync is on track to incentivize users amid growing demand to boost user retention.
ZKsync launched its Ignite program, allocating 300 million ZK tokens over nine months to boost liquidity on its Layer 2 network.
SyncSwap, the reference DEX for the L2 of ZKsync, Linea, and Scroll, is preparing to distribute the airdrop of its own governance token.
Crypto airdrops offered lucrative opportunities for investors in 2024, with projects like Hyperliquid making headlines for providing significant rewards to timely participants.
Bull markets are the time of exciting mainnet launches, airdrops and announcements.
One of the biggest players in the German financial market—Deutsche Bank—has decided to enter the blockchain industry. According to Bloomberg, the bank is building its layer-2 (L2) blockchain on Ethereum, which uses ZKsync technology.
Project Dama 2 is part of Singapore's Project Guardian on blockchain asset tokenization. Deutsche Bank aims to launch the blockchain MVP in 2025, pending approval.
A Bloomberg report spotlights Deutsche Bank's approach to tackling regulatory hurdles associated with public blockchains, introducing the layer two (L2) pilot program, Project Dama 2.
Deutsche Bank is testing Project Dama 2, a blockchain platform built on ZKsync technology.
Deutsche Bank's Ethereum L2 initiative could revolutionize blockchain use in finance by enhancing compliance and security for regulated entities. The post German banking giant develops Ethereum L2 using ZKsync appeared first on Crypto Briefing.
Holdstation has launched A(i)gentFi, an innovative platform designed to enable the creation, management, and monetization of autonomous AI agents.
The Web3 gaming studio Treasure launched its layer-2 mainnet on Wednesday.
Layer 2 scalability platform ZKsync has put great efforts in the direction of achieving greater decentralization.
TL;DR ZKsync has unveiled its 2025 roadmap to enhance blockchain performance, focusing on scalability, user experience, and privacy. Key goals include simplifying the developer experience with EVM equivalence, achieving 10,000 TPS at $0.0001 per transaction, and introducing Private Validium for on-chain privacy.
Web3 wallet Holdstation introduces AI agent platform A(i)gentFi. The platform is dedicated to creating, managing and monetizing AI agents on the ZKsync network.
ZKsync aims to accelerate personal freedom and mass crypto adoption through its developer-friendly blockchain stack.
ZKsync Roadmap 2025 focuses on enhancing scalability, user experience, and privacy.