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Swiss banks claim first binding payment using public blockchain
Published by Global Banking & Finance Review®
Posted on September 16, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on September 16, 2025
1 min readLast updated: January 21, 2026
Swiss banks, including UBS, have executed a binding payment using public blockchain, confirming its feasibility for interbank transactions.
(Reuters) -Three Swiss banks, including UBS, have carried out a binding payment using bank deposits and a public blockchain for the first time, the Swiss Bankers Association (SBA) said on Tuesday.
The payment was carried out as part of a feasibility study by PostFinance, Sygnum Bank and UBS.
"The results confirm the feasibility of payments between different institutions using blockchain technology," the SBA said in a statement.
In future, payments could "not only be processed immediately and definitively on a shared infrastructure but also be integrated directly into automated business processes," it added.
(Reporting by Marleen KaesebierEditing by Dave Graham)
Swiss banks are financial institutions located in Switzerland known for their privacy, security, and wealth management services, often catering to international clients.
The Swiss Bankers Association is a professional organization representing the interests of Swiss banks, promoting the banking sector's development and advocating for its members.
A feasibility study is an assessment of the practicality and potential success of a proposed project, helping stakeholders make informed decisions.
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