UBS Investigates Gold Tokenization via zkSync Validium

user avatar

by Giorgi Kostiuk

2 years ago

UBS launches its Key4 Gold program on the zkSync Validium testnet, aiming to advance gold tokenization and improve accessibility of precious metal investments.

A New Phase in Digital Finance

UBS has launched its Key4 Gold project on the zkSync Validium testnet, focused on revising precious metal tokenization processes through an Ethereum-compatible blockchain network. The improvements aim to provide more efficient and scalable access to fractional gold ownership.

Scalability and Privacy at the Core

The testing of the Key4 Gold program on the zkSync platform highlights UBS's focus on enhancing scalability and privacy in tokenized securities. Christoph Puhr, UBS's Digital Assets Lead, emphasized the importance of addressing these challenges for the future of tokenized investments.

Expanding Digital Asset Horizons

The collaboration with Matter Labs, creator of zkSync, drives innovation in tokenized assets. UBS plans to integrate tokenized assets into its global offerings, maintaining privacy and scalability standards.

UBS's Key4 Gold project demonstrates the company's commitment to adapting to technological innovations and exploring new opportunities in digital financial instruments.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Strategy Shareholders Approve Daily Dividends Plan

On October 28, 2026, Strategy shareholders approved an amendment for daily dividends on preferred stocks.

user avatarTando Nkube

Cautious Outlook on Bitcoin's Future Amid Market Trends

Cautious outlook on Bitcoin's future as analyst Rekt Capital draws comparisons to the 2022 bear market amid repeated dips below 80,000.

user avatarSatoshi Nakamura

Bitcoin Rebounds Toward 82K Amid Market Recovery

Bitcoin experienced a notable rebound on Wednesday, reaching a price of 81,687 on the Bitstamp exchange, avoiding new lower lows.

user avatarJesper Sørensen

Tech Stocks Fuel Market Relief Amid Positive Sentiment

The broader market has shown signs of relief, with tech stocks playing a significant role in the positive sentiment.

user avatarNguyen Van Long

Morgan Stanley Sees Bullish Phase for Tech Sector

Morgan Stanley's chief US equity strategist, Mike Wilson, expresses optimism about the tech sector entering a bullish phase after a market correction.

user avatarKofi Adjeman

Solana Activates Alpenglow Consensus Protocol on Mainnet

On October 21, 2023, Solana activated the Alpenglow consensus protocol on its mainnet, aiming to reduce transaction finality from approximately 128 seconds to about 150 milliseconds.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.