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.

Sergio Ermotti in Zurich, on Feb. 4.

Photographer: Pascal Mora/Bloomberg

The Zurich-based lender is “pursuing a strategy of being a fast follower” in tokenized assets, he said, adding that the bank’s expansion in that area would play out over the next three to five years ...