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UBS explores digital currency options

UBS Group , the Swiss-based investment bank explores cryptocurrency investment for its wealthy clients .

Image: UBS

UBS tries to meet clients’ digital exceptions due to Covid19 pandemic and concerns it will lose them if it doesn’t set up various investment opportunities in digital assets, according to Ralph Hamers , the CEO of UBS .The company is intrigued by the potential of blockchain and wants to use AI to target the world’s wealthy . The bank spends around 3.5 billion per year on technology to innovate new tools and improve its service.

The cryptocurrencies have soared these years which rose institutional curiosity.

#Cryptocurrency #UBS #Bank #Fintech

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