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Headlines
Posted By Global Banking and Finance Review
Posted on September 16, 2025
For the first time, a trio of Swiss financial institutions, including UBS, have successfully completed a real-world payment utilizing both traditional bank deposits and a public blockchain. This groundbreaking transaction was confirmed by the Swiss Bankers Association (SBA) on Tuesday.
This innovative payment formed part of a collaborative feasibility study conducted by PostFinance, Sygnum Bank, and UBS, designed to explore the potential of blockchain technology in financial transactions.
According to the SBA’s official statement, the results of this study definitively demonstrate the viability of conducting payments between various financial entities through the application of blockchain technology.
Looking ahead, this technology promises to revolutionize payment processing, enabling transactions to be executed instantly and irrevocably within a shared technological framework. Furthermore, it facilitates the seamless integration of payments into automated business workflows, boosting efficiency and reducing manual intervention.
(News report by Marleen Kaesebier, Editing by Dave Graham)