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BTCC / BTCC Square / Global Cryptocurrency /
Barclays Backs Stablecoin Settlement Startup Ubyx in Infrastructure Push

Barclays Backs Stablecoin Settlement Startup Ubyx in Infrastructure Push

Author:
Global Cryptocurrency
Published:
2026-01-07 12:46:02
8
2
BTCCSquare news:

Barclays has taken a strategic stake in Ubyx, a 2025-launched clearing system for stablecoins, marking the British bank's first foray into stablecoin infrastructure investments. The deal terms remain undisclosed, but Ubyx previously secured $10 million in seed funding from notable backers including Galaxy Ventures and Coinbase Ventures.

The startup operates as a reconciliation LAYER for major stablecoin issuers like Tether, Circle, and PayPal, enabling par-value redemption across different tokens. This move aligns with Barclays' stated commitment to develop tokenized money within regulatory frameworks.

Financial institutions are increasingly exploring stablecoin interoperability solutions as blockchain-based settlement gains traction. Ubyx's technology could position Barclays at the nexus of institutional crypto adoption, though most bank-led blockchain projects remain in early stages.

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