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

Legislative Focus on Bitcoin Reserves Expected in 2027

Legislative focus on Bitcoin reserves is expected in 2027 as lawmakers in Florida and Texas prepare for new sessions, with key figures like Byron Donalds and James Talarico potentially influencing future policies.

user avatarDiego Alvarez

Bipartisan Support for Bitcoin Reserves Emerges After 2026 Midterms

Bipartisan support for Bitcoin reserves has emerged following the 2026 US midterm elections, with officials from both parties in Florida and Texas advocating for government-held Bitcoin reserves.

user avatarKenji Takahashi

ECB Announces 36 Payment Providers for Digital Euro Pilot

The European Central Bank has selected 36 payment service providers for a digital euro pilot set to begin in late 2027.

user avatarMaria Fernandez

Bitcoin Price Recovery Approaches Crucial Level

Bitcoin is attempting to regain momentum after a recent correction, with analysts suggesting that reclaiming the $75,000 level could signal a shift in market sentiment.

user avatarGustavo Mendoza

SEC Announces Rule Change for KalshiEX Security Futures Listings

The SEC has issued a notice regarding a rule change for listing standards of perpetual security futures on KalshiEX.

user avatarRajesh Kumar

Bitget Launches Open Custody Network to Enhance Trading Security

On November 5, Bitget announced the launch of its Open Custody Network (OCN), designed to connect external banks and institutional custodians with its trading infrastructure to enhance security and operational independence in cryptocurrency trading.

user avatarMiguel Rodriguez

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.