Sentences with phrase «based utility settlement»

Not exact matches

Swiss - based UBS announced a year ago its work on a virtual currency — Utility Settlement Coin — to facilitate faster transaction sSettlement Coin — to facilitate faster transaction settlementsettlement.

For example, UBS might have its own blockchain - based platform to issue bonds, and another bank might have a blockchain - based stock - trading platform, but both would use the same utility coin for settlement.