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Selected The three major banks in Switzerland have completed public blockchain tokenization.
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Golden Finance reported that under the framework of the Swiss Bankers Association, Switzerland's three major banks—UBS, PostFinance, and Sygnum—have completed a tokenization deposit experiment based on the Ethereum public chain. The proof of concept (PoC) shows that tokens can trigger off-chain traditional payments, with plans to explore native digital deposit tokens in the future. This experiment aims to break through the limitations of existing payment infrastructure, achieving programmable payments and round-the-clock large fund transfers. The experiment covers interbank payments and the custodial settlement of tokenized asset transactions, with results showing that it is feasible both technically and legally; tokens can be viewed as a digital representation of payment instructions.