According to Christoph Pur, Head of Digital Assets at UBS Group, the results of a study demonstrate that the interoperability of traditional bank deposits and public blockchains is becoming a “reality.”
“The PoC shows that the interoperability of bank money via public blockchains could become a reality, paving the way for innovation around tokenized assets,” he stated.
He added that this accelerates the development of tokenized assets and allows for the active shaping of the future of financial systems at both the national and global levels.
Smart contracts and blockchain infrastructure are also being tested in the US..