Bank disruptors: a ‘token’ effort from UBS
The utility settlement coin will kick-start trading of digital assets, says Chris Purves
This is the fourth profile in our ‘Bank disruptors’ special report. Scroll to the bottom of the introductory article to view others in the series as they go live over the next few days.
Banks experimenting with blockchain technology have already found ways to turn various assets – from shares to fine art and real estate – into digital tokens. What’s missing is a way to exchange those tokens for cash and confirm the identity of the new owners.
UBS is trying to solve the first of these two
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