According to Odaily Planet Daily, Swiss banks UBS, PostFinance, and Sygnum have completed a cross-bank payment test on the Ethereum public blockchain. The pilot used deposit tokens to enable compliant interbank settlements, eliminating the need for traditional payment systems. The test, which covered peer-to-peer transfers between clients and the exchange of deposit tokens for assets, validated the feasibility of the relevant technical and legal frameworks. The three banks stated that they will next encourage participation from more banks, infrastructure providers, and regulators to explore the system's large-scale application. (CoinDesk)