BNY Mellon, Deutsche Bank, ICAP and Santander join UBS and Clearmatics to advance the
Utility Settlement Coin concept, and plan tests in a real-market environment.
USC is a digital cash model aimed at facilitating payment and settlement for
institutional financial markets. The group will collectively build on the successful outcome of initial
explorations of the Utility Settlement Coin (USC) concept, performed by UBS and Clearmatics.
The complete UBS Press release is available here: Utility Settlement Coin concept on blockchain gathers pace