LONDON and NEW YORK — Barclays has announced a strategic investment in Ubyx Inc., a U.S.-based clearing system for digital money, including tokenised deposits and regulated stablecoins.
Interoperability: The Missing Link for Digital Assets
“Interoperability is essential to unlock the full potential of digital assets. As the landscape of tokens, blockchains and wallets evolves, specialist technology will play a key role in connecting regulated financial institutions,” said Ryan Hayward, Head of Digital Assets and Strategic Investments at Barclays. “We are pleased to join Ubyx on their journey to accelerate innovation.”
Tony McLaughlin, CEO of Ubyx, added: “Our mission is to build a common globalised acceptance network for regulated digital money, including tokenised deposits and stablecoins. Bank participation is vital for par value redemption through regulated channels. We are entering a world where every regulated firm offers digital wallets alongside traditional bank accounts.”
Regulatory Momentum for Tokenised Money
The investment comes amid growing interest in new forms of digital money based on tokens transacted on public blockchains. Several jurisdictions are advancing regulatory clarity, and early adoption outside cryptocurrency use cases is emerging. Barclays and Ubyx say they are committed to the responsible development of tokenised money within the regulatory perimeter.
About the Firms
Barclays is a diversified bank with UK-centred consumer, corporate, wealth, and investment banking operations, plus a specialist US consumer bank. Ubyx was founded to facilitate tokenised money ubiquity, connecting multiple issuers with receiving institutions in a common settlement environment that enables redemption at par value, supporting the singleness of money.