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Barclays Buys Into Stablecoin-Settlement Company Ubyx
Barclays partners with Ubyx to create a regulated settlement system for tokenized money, advancing blockchain payment infrastructure within current financial rules.
- On Wednesday, Barclays PLC said it invested in Ubyx, a U.S. startup, confirming this was its first stablecoin-related investment though terms were undisclosed.
- Ubyx traces back to 2025 and early fundraising, raising $10 million last year in a seed round led by Galaxy Ventures with VanEck, Founders Fund and Coinbase Ventures.
- Ubyx is building a common settlement framework for tokenized money, supporting exchange and redemption at par across wallets, banks and payment platforms, while Barclays will collaborate to develop tokenised money within regulation.
- The move signals growing interest among traditional banks in regulated blockchain payments, as Barclays, which accepted Bitcoin in 2015, builds on its praise for blockchain innovation.
- Proofs of concept by UBS , PostFinance and Sygnum Bank on Ethereum show wider bank experiments, while Ryan Hayward, Barclays' head of digital assets, said `Interoperability is essential to unlock the full potential of digital assets.
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Barclays Invests in Ubyx, Boosting Digital Money Infrastructure
Barclays, the UK-based banking giant, has made a strategic investment in Ubyx, a US-based clearing system for digital money. This marks Barclays’ first foray into the digital currency infrastructure space, signaling a significant shift in the bank’s approach to digital assets. Ubyx, founded in 2025, aims to simplify the redemption and acceptance of stablecoins and tokenized deposits through a… Source
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