UBS Pursuing ‘Fast Follower’ Strategy in Tokenized-Assets Push

UBS Group AG Chief Executive Officer Sergio Ermotti said the bank is considering offering access to cryptocurrencies for individual clients, while cautioning that it won’t be a “front runner” in implementing blockchain-based technology.

“We are building out the core infrastructure and exploring targeted offerings from crypto access for individual clients to tokenized deposit solutions for corporates,” Ermotti said during an earnings call on Wednesday.