Advancing the global clearing system for tokenized deposits and regulated stablecoins.
"Interoperability is essential to unlock the full potential of digital assets... specialist technology will play a pivotal role in delivering connectivity."
— Ryan Hayward, Head of Digital Assets at Barclays
Barclays has announced a strategic investment in Ubyx Inc., a U.S.-based clearing system. Tony McLaughlin, CEO of Ubyx, noted that bank participation is vital to provide par value redemption through regulated channels. This investment reflects growing interest in tokenized money transacted on public blockchain infrastructures.
A UK-centred leader in global finance with comprehensive corporate and investment banking franchises.
Connecting multiple issuers with receiving institutions to allow redemption of digital money at par value.
Keywords: More News