Swiss encryption bank Amina Bank has completed DLT settlement testing conducted through Google Cloud.

ChainCatcher news, Swiss crypto bank Amina Bank, along with Crypto Finance Group and its partner banks, recently completed a pilot of Distributed Ledger Technology (DLT) through Google Cloud Universal Ledger: achieving fiat settlement between regulated banks in Switzerland, reaching near real-time, 24/7 availability. This pilot did not introduce new digital money but continued to use traditional commercial bank funds, demonstrating how DLT technology can seamlessly integrate into the existing regulatory and compliance framework of traditional banking systems. Officials stated that this achievement lays the foundation for future promotion of "cross-border payments," "multi-currency settlements," and "integrated payments at physical points of sale (POS)," indicating that the traditional financial system may be on the verge of a Web3 / Blockchain infrastructure transformation.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
GateUser-afcd5854vip
· 2025-11-30 03:46
Bull Run 🐂
Reply0