UBS is the largest Swiss financial holding that provides various financial services all around the world. The first bank of the holding was founded in 1862 in Winterthur and the main office of UBS bank is currently headquartered in Zurich. UBS experts have different opinions about cryptocurrency and its growing popularity. Some of them think that investments in digital assets can be a good way not only to store money, but also to gain some profit from them, while others call Bitcoin another financial pyramid and warn their clients about using it. However, the corporation is considering using patents for blockchain validation for the UBS online services database, which will not only make maintaining the bank more secure, but also a number of its participants.
The UBS chief said the bank continues to urge caution when it comes to crypto exposure for its clients.
Crypto is an ‘untested asset category,’ says UBS CEO Ralph Hamers
UBS has joined the phalanx of banks expressing concern over their customers investing in digital assets.
‘Investors stay clear’: UBS warns regulators could pop ‘bubble-like crypto markets’
Global banks are scanning clients in Hong Kong on potential political ties amid protests over China-initiated national security law.
Global Banks Reportedly Limit Service in Hong Kong for Political Reasons
Commerzbank, Credit Suisse and UBS carried out the first transactions on Deutsche Boerse and HQLAX’s DLT-enabled security lending platform.
Deutsche Boerse’s DLT Security Lending Platform Sees First Transactions
A former executive of investment bank UBS, Claude Waelchli, has established a United States-based digital securities issuance platform dubbed Tokenyz.
Former UBS Executive Establishes Digital Securities Insurance Platform
Some of the world’s leading banks are allegedly currently investing around $50 million to build a blockchain-powered digital cash system.
Report: Top Banks Alleged to Be Investing $50 Million in Digital Cash Settlement Project
UBS’ Paul Donovan repeats Bitcoin bashing from last year, claiming it will “never be a currency.”
UBS Executive Paul Donovan Blasts Bitcoin Again, States Cryptos Are ‘Fatally Flawed’