UBS Completes Proof Of Concept For Gold Product On Ethereum Layer-2

According to PANews, Swiss banking giant UBS has successfully completed a proof of concept for its 'UBS Key4 Gold' product on the Ethereum Layer-2 network ZKSync. This initiative aims to explore ways to expand its gold offerings while ensuring privacy protection. The Key4 Gold product enables Swiss customers to purchase physical gold with real-time pricing, deep liquidity, and optional physical delivery.