
UBS, PostFinance, and Sygnum Bank execute first legally binding interbank blockchain payment
Swiss banks UBS, PostFinance, and Sygnum Bank have completed the first legally binding interbank payment using tokenized deposits on a public blockchain. Summary The transaction used tokenized deposits to transfer funds across participating banks, with settlement completed on-chain. The milestone builds on previous blockchain efforts, such as JPMorgan’s June 2025 [...]