Overview
- Barclays confirmed a minority investment in U.S.-based Ubyx, its first stake in a stablecoin-focused company, with financial terms undisclosed.
- The bank said it does not plan to issue a retail stablecoin and will work with Ubyx to develop tokenised money within the regulatory perimeter.
- Ubyx operates a clearing and settlement platform that enables universal redemption, reconciling stablecoins from multiple issuers and blockchains into existing bank and fintech accounts.
- Executives from both firms highlighted interoperability and par-value redemption across wallets, banks and payment platforms as core design priorities.
- Ubyx raised $10 million in seed funding in 2025 from investors including Galaxy Ventures, Coinbase Ventures and Founders Fund, and Barclays has also taken part in bank groups exploring a G7-pegged stablecoin.