Deutsche Bank, Santander, ICAP, BNY Mellon, UBS, and Clearmatics recently announced plans to test UBS' Utility Settlement Coin (USC) in a real-world market environment.
UBS is the largest Swiss bank by assets, reporting CHF 942,819 million in assets at the end of 2015. The bank also opened its own innovation lab that year, at Europe’s largest technology accelerator and incubator, Level39, in London's Canary Wharf. The lab explores “potential applications for Blockchain and other disruptive digital technologies in financial services,” according to the company's annual report. In May, the bank released a white paper on how the blockchain could transform finance and the world.
http://bravenewcoin.com/news/financial-institutions-to-test-utility-settlement-coin/
