The three major banks in Switzerland have completed a public blockchain tokenization deposit experiment.

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[Swiss Three Major Banks Complete Public Blockchain Tokenization Deposit Experiment] Under the Swiss Bankers Association, the three major Swiss banks—UBS, PostFinance, and Sygnum—have completed a tokenization deposit experiment based on the Ethereum public chain. In this proof of concept (PoC), the tokens triggered off-chain traditional payments, and there are future plans to explore native digital deposit tokens. The experiment aims to break through the limitations of the existing payment infrastructure, achieving Programmability in payments and large fund transfers around the clock. The experiment covers interbank payments and the custody settlement of tokenized asset transactions, with results showing that it is feasible both technically and legally, and the tokens can be viewed as a digital representation of payment instructions.

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