Overview
- Barclays confirmed an undisclosed equity stake in U.S.-based Ubyx and said both will develop tokenised money within the regulatory perimeter.
- The bank said it does not plan to issue a retail stablecoin, positioning the move as an infrastructure-first approach to onchain settlement.
- Founded in 2025, Ubyx operates a clearing and settlement system that reconciles stablecoins across issuers and blockchains and enables deposits into bank or fintech accounts.
- Barclays’ Ryan Hayward called interoperability essential for regulated institutions, while Ubyx CEO Tony McLaughlin emphasized par-value redemption through regulated channels.
- Barclays shares edged higher after the news, and Ubyx previously raised $10 million in seed funding led by Galaxy Ventures with Coinbase Ventures and Founders Fund participating.