UBS, the multinational investment giant, has successfully completed a pilot of its blockchain-based payment system, UBS Digital Cash. The trial involved multinational clients and banks, and included both domestic and cross-border transactions in multiple currencies. The system uses a private blockchain network and smart contracts to settle transactions. UBS sees blockchain-based payment systems as a strategic focus for the future. This initiative complements UBS's involvement in other digital cash initiatives, such as the Helvetia project and the Agorá project. This pilot comes shortly after UBS launched its first tokenized investment fund on Ethereum.



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