{"id":5886,"date":"2026-01-22T05:57:02","date_gmt":"2026-01-22T05:57:02","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=5886"},"modified":"2026-01-22T05:57:02","modified_gmt":"2026-01-22T05:57:02","slug":"ubs-ceo-blockchains-takeover-of-traditional-banking-is-inevitable","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=5886","title":{"rendered":"UBS CEO: Blockchain\u2019s Takeover of Traditional Banking Is Inevitable"},"content":{"rendered":"<p><\/p>\n<div id=\"blockquote-block_dd890e5f2e7ddb6abdaf9b933bd2c0a3\" class=\"blockquote-container\" style=\"border-color: #5100fc\">\n<div class=\"blockquote-text\">\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">UBS CEO Sergio Ermotti said blockchain and traditional banking will converge, marking a stronger stance than his earlier comments on the technology.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Blockchain could improve efficiency, reduce costs, and play a central role in the future structure of global banking.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">His comments echo similar warnings from Fidelity CEO Abigail Johnson, as major financial institutions increasingly align on blockchain\u2019s role.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>UBS Chief Executive Sergio Ermotti said blockchain technology will inevitably converge with traditional banking, marking a stronger endorsement of the technology from the head of the world\u2019s largest wealth manager. Speaking at the World Economic Forum in Davos, Ermotti described blockchain as the future foundation of the banking industry.<\/p>\n<p>\u201cBlockchain is the future for traditional banking,\u201d Ermotti said, adding that \u201cyou will see a convergence\u201d between the two systems. His comments reflect a shift from earlier remarks in 2018, when he described blockchain as a competitive requirement rather than an unavoidable structural change.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: $7 TRILLION UBS BANK CEO SAYS CRYPTO IS THE FUTURE OF BANKING AND FINANCE! <a href=\"https:\/\/t.co\/rM3J9BUxIy\">pic.twitter.com\/rM3J9BUxIy<\/a><\/p>\n<p>&mdash; Altcoin Daily (@AltcoinDaily) <a href=\"https:\/\/twitter.com\/AltcoinDaily\/status\/2013694738986323995?ref_src=twsrc%5Etfw\">January 20, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<div style=\"height:24px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n<p>UBS currently manages more than US$5 trillion (AU$7.55 trillion) in assets globally, giving weight to Ermotti\u2019s assessment of where financial infrastructure is heading. He previously argued that blockchain could reduce operational costs, improve efficiency, and free up internal resources for banks under margin pressure.<\/p>\n<p><strong>Related: Behind the Volatility: Key Takeaways from Crypto\u2019s Q4 2025<\/strong><\/p>\n<h2 class=\"wp-block-heading\" id=\"h-from-competitive-tool-to-structural-change\">From Competitive Tool to Structural Change<\/h2>\n<p>Ermotti has also said blockchain could play a role in strengthening customer trust by improving how assets are recorded and managed within financial institutions. He has repeatedly compared the potential impact of blockchain on finance to the sweeping regulatory reforms introduced after the global financial crisis.<\/p>\n<p>The UBS CEO\u2019s comments echo those made by Fidelity Investments chief executive Abigail Johnson, who has criticised existing financial systems as being built on outdated and fragile technology. Johnson previously described traditional financial infrastructure as \u201cthe most complicated web of basically reconciliation processes built on primitive technology\u201d.<\/p>\n<p>Together, the remarks suggest that major financial institutions are increasingly aligned around the view that blockchain will replace legacy systems rather than simply complement them. Ermotti has said the industry has moved beyond debating relevance and is now focused on how to integrate blockchain safely and at scale.<\/p>\n<p><strong>Related: How Zero-Knowledge Proofs Are Turning Bitcoin into a Settlement Layer<\/strong><\/p>\n<p>The post UBS CEO: Blockchain\u2019s Takeover of Traditional Banking Is Inevitable appeared first on Crypto News Australia.<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Banking,Blockchain,UBS#UBS #CEO #Blockchains #Takeover #Traditional #Banking #Inevitable1769061422<\/p>\n","protected":false},"excerpt":{"rendered":"<p>UBS CEO Sergio Ermotti said blockchain and traditional banking will converge, marking a stronger stance than his earlier comments on the technology. Blockchain could improve efficiency, reduce costs, and play a central role in the future structure of global banking. His comments echo similar warnings from Fidelity CEO Abigail Johnson, as major financial institutions increasingly<\/p>\n","protected":false},"author":1,"featured_media":5887,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[1269,1451,219,1017,1615,1616,1614],"class_list":{"0":"post-5886","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"tag-banking","9":"tag-blockchains","10":"tag-ceo","11":"tag-inevitable","12":"tag-takeover","13":"tag-traditional","14":"tag-ubs"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>UBS CEO: Blockchain\u2019s Takeover of Traditional Banking Is Inevitable - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=5886\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UBS CEO: Blockchain\u2019s Takeover of Traditional Banking Is Inevitable\" \/>\n<meta property=\"og:description\" content=\"UBS CEO Sergio Ermotti said blockchain and traditional banking will converge, marking a stronger stance than his earlier comments on the technology. 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