Three major Swiss banks complete open blockchain tokenized deposit experiment

Huobi HTX reported that under the Swiss Banking Association, the three major Swiss banks - UBS, PostFinance and Sygnum - completed a tokenized deposit experiment based on the Ethereum public chain. In this proof of concept (PoC), the token triggers traditional off-chain payments, and it is planned to explore native digital deposit tokens in the future. The experiment aims to break through the limitations of existing payment infrastructure and enable programmable payments and 24/7 large-scale fund transfers. The experiment covers interbank payments and tokenized asset transaction custody settlement, and the results show that both technically and legally feasible, and tokens can be regarded as a digital representation of payment instructions.