According to Reuters, UK bank Barclays has invested in US stablecoin settlement company Ubyx, marking Barclays' first investment in a stablecoin-related enterprise and part of its strategy to explore "new forms of digital currency." Ubyx, founded in 2025, is positioned as a stablecoin clearing system designed to reconcile and settle stablecoins issued by different providers. Barclays stated that both parties will work to advance tokenised money within regulatory frameworks. Previously, Barclays had discussed jointly issuing stablecoins pegged to G7 currencies with multiple banks including Goldman Sachs and UBS. Coinbase and Galaxy Digital's venture capital division have also invested in Ubyx.
According to Reuters, UK bank Barclays has invested in US stablecoin settlement company Ubyx, marking Barclays' first investment in a stablecoin-related enterprise and part of its strategy to explore "new forms of digital currency." Ubyx, founded in 2025, is positioned as a stablecoin clearing system designed to reconcile and settle stablecoins issued by different providers. Barclays stated that both parties will work to advance tokenised money within regulatory frameworks. Previously, Barclays had discussed jointly issuing stablecoins pegged to G7 currencies with multiple banks including Goldman Sachs and UBS. Coinbase and Galaxy Digital's venture capital division have also invested in Ubyx.