Key Notes

Swiss Banking Alliance partnered with PostFinance, Sygnum Bank, and UBS for groundbreaking blockchain payment pilot.

The program tested both deposit token transfers and blockchain-based escrow transactions for asset exchanges.

Switzerland continues advancing as a blockchain research hub despite central bank hesitation on Bitcoin reserves.

The Swiss Banking Alliance, in partnership with PostFinance, Sygnum Bank, and UBS, recently conducted its first-ever legally binding bank payment transaction facilitated through a public blockchain.

According to a study published by the Alliance , the group conducted a pilot program to investigate the viability of smart contracts and token-based deposits compared to traditional account-based banking systems.

The “Deposit Token” trial test

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