UBS Sheds New Light on Blockchain Experimentation
Researchers at a UK innovation lab operated by Swiss banking giant UBS are developing a blockchain implementation for settling transactions. As reported by Financial News, the lab, opened earlier this year, is currently at work on a cryptocurrency that would be "linked to real-world currencies and connected to central bank accounts". The project is being undertaken in collaboration with blockchain startup Clearmatics. UBS is reportedly also working with BNY Mellon on other blockchain-related initiatives. BNY Mellon disclosed earlier this year that it had been developing an internal rewards....
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