Traditional financial giants are starting to seriously embrace public blockchains, and UBS's recent POC work is quite solid.

Crypto World News reports that UBS Group and Nethermind have jointly completed two proof-of-concept projects, demonstrating that public, permissionless networks can meet the compliance and operational needs of regulated financial institutions. Nethermind stated that banks and asset management firms can implement compliance controls by running infrastructure on Ethereum without altering the protocol's operation. Additionally, Nethermind built and tested nodes and routing components capable of applying compliance rules, and completed end-to-end verification on Sepolia.