Global banking giant UBS explores simplifying blockchain technology for gold investments, creating more accessible and efficient solutions for its clients.
Innovations in Gold Investments
UBS Key4 Gold enables investors to purchase fractional gold shares with real-time pricing and high liquidity. The product operates on the permissionless UBS Gold Network, connecting distributors, liquidity providers, and vaults.
Advantages of Using Validium
UBS has utilized ZKSync’s Validium mode to enhance performance. Validium is a zero-knowledge rollup solution that improves scalability by storing data off-chain. Enhanced performance and privacy are achieved by restricting participants' access to their transactions while maintaining verification processes.
Future of Financial Technology According to Experts
Alex Gluchowski, creator of ZKSync, expressed confidence in blockchain's role in the financial industry.
The Validium Testnet also supports integrating stablecoins and Ethereum, making gold token purchases more cost-effective and scalable, reinforcing UBS's commitment to a digital future.
