🚀 UBS Transfers Investments in Gold to Blockchain ZKsync ($ZK ): A New Stage for Crypto and Traditional Finance!
The largest Swiss bank UBS has made a revolutionary step.
This is the first case where a traditional financial giant like UBS uses zk-rollups to work with precious metals.
Here’s why this is important:
Speed: Transfers of gold between clients and exchanges now take seconds instead of days.
Privacy: The zk-SNARKs technology hides transaction details, protecting client data.
Cost: Fees are reduced by 70% due to the elimination of intermediaries.
Scalability: The network processes up to 10,000 TPS — 100 times faster than Ethereum.
Compatibility: UBS can connect other assets (stocks, bonds) to ZKsync.
Regulatory Security: Switzerland is friendly towards blockchain, and zk-proofs comply with GDPR.
Increased Demand: UBS manages assets worth $5 trillion — even a 1% flow into ZKsync will increase the network's TVL tenfold.
Trend towards Institutions: Following UBS, will Credit Suisse, Goldman Sachs — ZKкZKк5 by the end of 2024?
Regulatory Pressure: The ECB may slow down integration due to the anonymity of transactions.
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