UBS successfully tested the Key4 Gold product for the purchase of physical gold in the Altcoin project ZKSYNC’s network. The test emphasizes ZKSYNC’s powerful aspects of scalability, confidentiality, and coexisiness for Blockchain -based operations. This progress indicates that layer 2 solutions and blockchain technology are increasingly adopted in traditional finance and asset tokens.
UBS chose Altcoin ZKSYNC: a new era in digital gold trade!
UBS, one of the largest banks in Switzerland, made an exciting move. UBS successfully tested the UBS Key4 Gold product in ZKSYNC’s network of Altcoin project. This is a new way for customers to buy physical gold using blockchain technology. It also combines the old with the new. This breakthrough offers not only convenience, but also advanced privacy, scalability and security.
UBS Key4 Gold was successfully tested on ZKSYNC and a big step was taken in digital gold trade. The product allows investors to buy fractional gold instead of full units, making it more flexible and accessible. In addition, real -time pricing, deep liquidity and safe physical storage provides investors a safe and trouble -free trade experience.
Why did UBS prefer ZKSYNC?
ZKSYNC Validium, which has Ethereum layer 2 network behind this test, is known for performing a large number of operations efficiently. In addition, only participants can see the transactions and stands out with high privacy standards. Another important feature of ZKSYNC is the co -operation feature that allows easy transfer of assets among different networks. Alex, one of the common investors of ZKSYNC, praised UBS for discovering Blockchain’s potential. Blockchain believes that as it becomes more widely used in financial systems, ZK technology will play an important role in shaping the future of finance.
Christoph Puhr, the leader of digital assets, emphasized the Bank’s commitment to leadership in financial technology. He discussed the great potential of tokenized securities and described scalability, privacy and coexisiness as great difficulties. Puhr announced how ZKSYNC helps to solve these problems and the right platform for UBS’s Blockchain -based gold trade product.
