According to PANews, Sergio Ermotti, CEO of UBS Group, stated during the earnings call that the bank is considering providing cryptocurrency access services for individual clients, but will not act as a "pioneer" in the application of blockchain technology. UBS is building core infrastructure and exploring services ranging from cryptocurrency access for individual clients to tokenized deposit solutions for corporate clients. Ermotti said that UBS is adopting a "fast follower" strategy in the field of tokenized assets, with related business expansion expected to take place in the next three to five years, serving as a complement to traditional business.