UBS CEO Endorses Blockchain as the Future of Traditional Banking
UBS Group AG CEO Sergio Ermotti has publicly championed blockchain technology, declaring it the cornerstone of traditional banking's future. Speaking to CNBC, Ermotti emphasized blockchain's potential to rebuild customer trust in financial institutions while driving operational efficiency. "Blockchain is the future for the traditional banking business," he stated, predicting a convergence between legacy systems and distributed ledger technology.
The banking executive framed blockchain as a margin-saving necessity in an industry facing persistent profitability pressures. Quantum computing resilience remains the technology's unproven frontier, though Ermotti compares its disruptive potential to regulatory reforms of the 2010s. His comments signal accelerating institutional interest in digital asset infrastructure, with UBS positioning itself at the vanguard of this transformation.
