Strategic investment aims to build a global clearing system for tokenized deposits and stablecoins.
"Interoperability is essential to unlock the full potential of digital assets."
— Ryan Hayward, Head of Digital Assets at Barclays
Barclays has announced a strategic investment in Ubyx Inc., a U.S.-based clearing system designed to enable regulated financial institutions to interact seamlessly with tokenized assets. Ubyx CEO Tony McLaughlin noted that the mission is to build a common acceptance network for regulated digital money, bridging the gap between digital wallets and traditional bank accounts.
A UK-centred leader in global finance with comprehensive consumer, corporate, and investment banking franchises.
Facilitating tokenized money ubiquity and par value redemption in a common settlement environment.
Keywords: Press Release