Barclays makes first stablecoin investment with stake in Ubyx
Barclays has invested in Ubyx, a US stablecoin clearing platform, marking a major move into regulated digital money and tokenized financial services.
Barclays, one of the world’s biggest banks and a systemically important global financial institution, has made its first investment in a stablecoin-related company.
The United Kingdom-based bank said Wednesday it had invested in Ubyx, a US stablecoin clearing platform that aims to connect regulated issuers with banks and fintech companies. Barclays did not disclose the size of the investment.
“As the landscape of tokens, blockchains and wallets evolves, specialist technology will play a pivotal role in delivering connectivity and infrastructure to enable regulated financial institutions to interact seamlessly,” said Ryan Hayward, head of digital assets and strategic investments at Barclays.
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