UBS Trials ZKsync Validium for tokenized Gold

UBS recently conducted a technical proof-of-concept (PoC) for tokenized gold, leveraging ZKsync Validium, a Layer 2 (L2) blockchain solution designed to scale Ethereum while maintaining privacy. This PoC aimed to address challenges in scalability, privacy, and interoperability as UBS explored expanding UBS Gold into global markets. The selection of ZKsync Validium was based on its ability to meet the specific requirements of a hypothetical tokenized gold network, reflecting UBS's ongoing efforts to enhance its financial offerings through blockchain technology.

Key objectives included evaluating technical feasibility and business viability under various transaction volume scenarios. The PoC successfully demonstrated UBS's ability to meet its privacy and interoperability objectives while addressing scalability requirements. However, achieving optimal cost efficiency would require thousands of transactions per hour, highlighting opportunities for further scalability optimization.