UBS to Build Digital-Asset Infrastructure, Eyes Bitcoin Services for Individuals

UBS Group AG CEO Sergio Ermotti announced during an earnings call that the bank is developing the core infrastructure necessary for digital-asset services, including exploring targeted offerings like crypto access for individual clients and tokenized deposit solutions for corporations. Ermotti emphasized that UBS is adopting a "fast follower" strategy in tokenized assets, planning expansion over the next three to five years rather than being a first mover. This move follows reports that UBS is selecting partners for a crypto offering aimed at high-net-worth clients. The article also notes that other European banks, such as DZ Bank, Sparkassen-Finanzgruppe, and ING Deutschland, are also moving forward with offering digital asset or Bitcoin trading/custody services.

(Source：Bitcoin Magazine)