UBS donates blockchain code to HEAL Alliance

Announcements | January 28, 2016 By:

UBS announced it has donated the code for a blockchain-based trading platform to the HEAL Alliance.

The code, which was developed in the UBS Innovation Lab in London, is currently been used by fintech startup Finclusion Systems to develop a blockchain platform to issue social impact bonds. The platform is aimed at allowing the HEAL Alliance to issue so-called HEAL Bonds to fund research into HIV and the development of “cure centers.”

The HEAL Alliance said Finclusion Systems will be testing regulatory compliance of the platform from January 21, to April 20.

UBS is a Swiss global financial services company. The HEAL Alliance is a non-profit organization that is funding research into HIV.