Under the Swiss Banking Association, three major Swiss banks - UBS, PostFinance, and Sygnum - have completed a trial of tokenized deposits based on the Ethereum public chain. In this proof-of-concept (PoC), the token triggers off-chain traditional payments, and plans to explore native digital deposit tokens in the future. The trial aims to break through the limitations of existing payment infrastructure and enable programmable payments and large fund transfers around the clock. The trial covers ...
Galaxy Digital, a digital asset investment firm led by Mike Novogratz, is preparing to launch a tokenized money market fund that will be launched on the Ethereum, Solana, and Stellar blockchains in the coming months. According to people familiar with the matter, Anchorage Digital will act as the custodian of the fund. Galaxy Digital's move is designed to bring more crypto-native products to the market, complementing BlackRock's BUIDL (with a market cap of about $2.20 billion) and Franklin Temple...