Barclays invests in stablecoin settlement firm Ubyx as tokenized infrastructure develops

Barclays, the UK's second-largest bank, has invested in Ubyx, a U.S. startup focused on creating clearing systems for tokenized money, including bank deposits and regulated stablecoins. The investment underscores growing interest from traditional banks in establishing the infrastructure for blockchain-based payments that comply with existing financial regulations. Ubyx is building technology to facilitate the movement, exchange, and redemption of tokenized funds at par value between issuers and institutions via a common settlement framework. Barclays' head of digital assets stated that interoperability is crucial for unlocking the potential of digital assets, emphasizing the role of specialist technology in connecting regulated financial institutions.

(Source：CoinDesk)