UBS Group and Nethermind have completed a proof of concept for public blockchain compliance requirements.
Foresight News reported that Nethermind tweeted that it has jointly completed two proofs of concept (PoC) with UBS Group, demonstrating that public, permissionless networks can meet the compliance and operational needs of regulated financial institutions. Nethermind stated that these PoCs show banks and asset management firms can implement robust compliance controls through infrastructure running on Ethereum, without needing to change the way the protocol itself operates.
Nethermind stated: "We built and tested a node that can apply customizable compliance rules to outgoing transactions, as well as a routing component that can send approved transaction bundles directly to selected block builders. Both components were verified end-to-end on Sepolia, without real transactions."
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