UBS tests blockchain for digital gold investments using ZKsync technology

#UBS , Switzerland’s largest bank, is testing #blockchain technology for digital gold investments using ZKsync, an #Ethereum $ETH #layer2 solution. The bank has completed a proof-of-concept for its fractional gold product, UBS Key4 Gold, on #ZKsync Validium. This move aims to improve scalability, privacy, and transaction speed, making the product more accessible to retail investors globally. UBS hopes the blockchain-based solution will enhance its financial services, with ZKsync's technology supporting higher throughput and lower fees.