Major banks are abandoning private blockchains and building token cash networks on public infrastructure.
2026-06-12 01:03:25
According to CoinWorld, major banks are abandoning private blockchains and instead building token cash networks on public infrastructure to meet the growing institutional demand for multi-asset flexibility. Thomas Eichenberger, Chief Strategy Officer of Swiss digital asset bank Sygnum, stated that institutional clients share a common need: they are no longer waiting for any single instrument, but demanding interoperability by combining tokenized deposits, regulated stablecoins, and tokenized money market funds. Sygnum is partnering with Swiss banking giants UBS and PostFinance to test blockchain payments on Ethereum. Furthermore, Qivalis is also vying to issue a stablecoin and plans to launch a digital euro by the end of this year.
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Source：CoinDesk
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