UBS Group AG Expands Digital Asset Infrastructure for Wealthy Clients

UBS Group AG is developing digital-asset infrastructure and considering crypto access services for its affluent clientele, as well as tokenized deposit products for corporate clients. According to NS3.AI, the bank is adopting a 'fast follower' strategy to incrementally enhance its crypto offerings alongside traditional banking services over the next three to five years. Other European banks, including DZ Bank, Sparkassen-Finanzgruppe, and ING Deutschland, are also progressing in providing crypto services to retail customers.