Major Swiss banking group UBS has recently announced that their clients in Hong Kong will now be able to trade crypto exchange-traded funds (ETFs). The company's clients will have access to both Ethereum and Bitcoin ETFs, provided by firms such as Evolve Funds Group Inc. and 3iQ Corp. This move marks a continuation of UBS’ efforts to make greater use of blockchain technology in its operations.

UBS has been actively investigating ways that it can capitalize on the potential of digital assets, giving them an edge over other traditional banks. Just last year they launched a dedicated unit for researching the sector, dubbed ‘Blockchain.