Barclays has made its first investment in stablecoin-related company Ubyx, exploring tokenized currencies.
TL;DR
Barclays has invested in Ubyx, a stablecoin settlement company, marking its first foray into tokenized currencies. The move aims to develop regulated digital assets, with Ubyx previously backed by Coinbase and Galaxy Digital.
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According to Foresight News , citing Reuters, British bank Barclays has announced it has acquired a stake in Ubyx, a US stablecoin settlement company, in an effort to develop "tokenized currencies" within a regulatory framework. Barclays declined to disclose the size or valuation of the investment, but stated that this is its first investment in a stablecoin-related company. PitchBook reports that Ubyx has previously been invested in by US cryptocurrency company Coinbase and the venture capital arm of Galaxy Digital.
Launched in 2025, Ubyx is a stablecoin (cryptocurrency pegged 1:1 to major currencies) clearing system designed to reconcile tokens created by different issuers.