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UBS
The Protocol: Ethereum’s Wall Street Cheerleader
Also: Arbitrum integrates Bitcoin; UBS tests ZKSync for gold

UBS Tests ZKSync's Layer-2 Tech, Showing Deeper TradFi Interest in Crypto
The Swiss banking giant, which has been experimenting with blockchain, tapped the layer-2 firm to test whether it could scale its current Key4 Gold program.

Chainlink, UBS Asset Management, Swift Complete Pilot to Extract Cash From Tokenized Funds
The pilot was run as part of the Monetary Authority of Singapore's Project Guardian.

UBS and Citi Will Let Some Customers Trade Bitcoin ETFs, Contrary to Rumors
The banking giants' decisions contrast with Vanguard's decision to bar customers from buying bitcoin ETFs.

UBS Group’s Wealthy Clients Can Now Trade Some Crypto ETFs in Hong Kong: Bloomberg
The news comes a day after HSBC, one of the world's largest banks, said it plans to start a digital-assets custody service for institutional clients.

Bank of China’s BOCI Issues Tokenized Securities on Ethereum in Hong Kong
It’s the first-such transaction by a Chinese financial institution in Hong Kong, according to the company.

Credit Suisse’s Buyout Shows Banks Still Have a Banking Problem
Bitcoin and crypto aren't unraveling the banks.

Custodia Bank’s Caitlin Long on State of U.S. Crypto Regulation Amid Banking Turmoil
New York Community Bank has agreed to buy a major chunk of failed Signature Bank, according to the FDIC. Custodia Bank founder and CEO Caitlin Long discusses what to make of the lingering U.S. banking jitters and the potential impact on crypto regulation in the country. Plus, her reaction to UBS purchasing rival Credit Suisse.

Bitcoin Higher Amid Upbeat China Manufacturing Data; Deribit To Offer Bitcoin Volatility Futures
Bitcoin (BTC) traded higher on Wednesday as upbeat China manufacturing data alleviated global growth concerns and improved risk appetite in global financial markets. Crypto options exchange Deribit will soon launch BTC volatility futures, offering investors a simpler way than options to hedge against market volatility. Plus, Mt. Gox creditors are about to recover some of their funds following a 10-year liquidation process. Still, concerns that large amounts of BTC will be released onto the market are overdone, according to UBS.
