UBS(US:UBS) PYMNTS.com·2026-01-23 20:05Group 1: UBS's Cryptocurrency Strategy - UBS plans to begin offering cryptocurrency trading to meet the growing demand from wealthy clients [1] - The initial crypto offering will target select clients of UBS's private bank in Switzerland, with potential expansion to the United States and Asia-Pacific regions [2] - UBS is actively monitoring developments in digital assets and exploring initiatives that align with client needs and market trends [3] Group 2: Partnerships and Technological Developments - UBS has partnered with Ant International to explore blockchain-based tokenized deposits for global payments and liquidity management [3] - In November 2024, UBS completed a live tokenized fund transaction using Chainlink's Digital Transfer Agent standard, involving the UBS USD Money Market Investment Fund Token on Ethereum [4] - UBS announced the creation of UBS Digital Cash, a blockchain-based payment solution aimed at enhancing programmability for corporate and institutional clients [4] Group 3: Industry Context - JPMorganChase is also considering cryptocurrency trading for its institutional clients, evaluating potential products and services for its digital asset business [5] - E-Trade, part of Morgan Stanley, plans to add cryptocurrency trading to its platform by 2026, allowing clients to trade Bitcoin, Ether, and Solana [6]