Barclays buys stake in Ubyx as it explores regulated ‘tokenized money’: Reuters
Summary
Barclays has purchased a stake in Ubyx, a U.S.-based stablecoin settlement infrastructure startup, marking a potential first direct capital investment by the British bank into stablecoin technology. This move aligns with Barclays' strategy to explore new forms of digital money and work with Ubyx to develop "tokenized money within the regulatory perimeter," although the deal's size was not disclosed. Ubyx, founded in 2025, previously raised $10 million in seed funding and operates a clearing system for reconciling transactions across stablecoin issuers. This investment follows other bank-led initiatives, including Barclays joining a consortium to explore issuing a regulated stablecoin pegged to G7 currencies, signaling a broader industry shift toward building regulated rails for tokenized assets amid growing stablecoin usage.
(Source:The Block)