UBS CEO targets direct crypto access and ‘fast follower’ tokenization push amid strong 2025 results
UBS is building infrastructure for direct crypto access for private clients and tokenized assets, adopting a 'fast follower' strategy over three to five years.Summary
UBS Group AG confirmed on its earnings call that it is developing infrastructure to offer private banking clients direct access to cryptocurrency markets, alongside tokenized deposit solutions for corporates. CEO Ermotti described the bank's approach to tokenized assets as a "fast follower," with a rollout plan spanning three to five years, focusing on building core infrastructure rather than being an early mover. This strategic shift follows a period of strong financial performance, with FY25 net profit rising 53% to $7.8 billion and invested assets exceeding $7 trillion. This measured engagement contrasts with the bank's past skepticism toward crypto, though UBS has already launched a tokenized money market fund on Ethereum and previously allowed select Hong Kong clients to trade crypto futures ETFs.
(Source：The Block)