UBS, the largest bank in Switzerland, is experimenting with "UBS Key4 Gold" on the ZKsync Layer-2 network of Ethereum, integrating blockchain technology into traditional gold trading.
This product allows customers to trade gold in the form of tokens, with real-time pricing, while physical gold is securely stored in a vault, providing a digital alternative to physical gold ownership.
This initiative reflects a broader trend towards tokenization, where assets like gold are represented on the blockchain to enhance liquidity, accessibility, and security, aligning with the current market interest in integrating traditional assets with blockchain technology. $ETH $XRP