Contents
- 1 UBS Introduces Blockchain-Based System for Cross-Border Payments
UBS Introduces Blockchain-Based System for Cross-Border Payments
UBS Digital Cash: Simplifying Intraday-Liquidity Management
UBS successfully tests new system leveraging blockchain technology
UBS has recently piloted a cutting-edge system called UBS Digital Cash, utilizing blockchain technology to streamline intraday-liquidity management for clients involved in cross-border transactions.
Settlement of International Transactions with Smart Contracts
Private blockchain network facilitates seamless settlement of transactions
This innovative system allows for the efficient settlement of international transactions through the use of smart contracts on a private blockchain network.
Expansion Plans for UBS Digital Cash
UBS aims to broaden and enhance digital cash offering
Following successful trials with multinational clients and banks, UBS has revealed intentions to further expand and enhance its UBS Digital Cash platform in the near future.
Unlocking Potential for the Financial Industry
Integration of digital cash initiatives crucial for industry advancement
Xiaonan Zou, head of digital assets and group treasury at UBS, emphasizes the importance of combining UBS Digital Cash with other digital cash initiatives to drive innovation within the financial sector.
Collaboration with Fintech Partner
Evocabank partners with UBS in the Fintech sector
Evocabank, a key partner in the Fintech sector, collaborates with UBS to support technological advancements in the financial industry.
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