Barclays Invests in Ubyx to Build Digital Money Infrastructure for Tokenised Deposits and Stablecoins

TLDR:

• Barclays strategic investment in Ubyx aims to build interoperability infrastructure for digital money
• Ubyx develops clearing systems for tokenised deposits and regulated stablecoins across blockchains
• Bank participation enables par value redemption through regulated channels for digital wallets
• Partnership reflects growing regulatory clarity and adoption beyond cryptocurrency use-cases globally

Barclays has announced a strategic investment in Ubyx Inc., a United States-based clearing system for digital money. 

The investment focuses on tokenised deposits and regulated stablecoins infrastructure. This move marks another step in traditional banking’s embrace of blockchain-based financial technology. 

The partnership aims to improve interoperability across digital asset platforms and networks.

Strategic Partnership Addresses Industry Infrastructure Gaps

Barclays’ investment in Ubyx addresses a critical need in the evolving digital asset ecosystem. The partnership reflects growing recognition that connectivity infrastructure remains essential for mainstream adoption.

As tokens, blockchains, and wallets proliferate, financial institutions need robust systems for integration.

Ryan Hayward, Head of Digital Assets and Strategic Investments at Barclays, commented on the investment’s strategic rationale. “Interoperability is essential to unlock the full potential of digital assets,” Hayward stated. 

He added that specialist technology will play a pivotal role in delivering connectivity and infrastructure. “We are pleased to be joining Ubyx on their journey as we drive forward our shared ambition,” he noted.

Barclays’ involvement brings traditional banking expertise to the digital money infrastructure layer. The bank’s participation provides legitimacy and resources to accelerate development. 

This collaboration demonstrates how established financial institutions are actively shaping the future of digital assets.

Building Global Acceptance Network for Regulated Digital Money

Tony McLaughlin, CEO of Ubyx, outlined the company’s vision for transforming digital money infrastructure. “Our mission is to build a common globalised acceptance network for regulated digital money,” McLaughlin explained. 

He emphasized that bank participation is vital to provide par value redemption through regulated channels. McLaughlin also highlighted the industry transformation, stating that regulated firms will offer digital wallets alongside traditional accounts.

The Ubyx platform seeks to establish standardized pathways for tokenised deposits and regulated stablecoins. This network operates within compliance frameworks while enabling broader financial innovation. 

The company’s approach prioritizes regulatory adherence while building next-generation payment infrastructure.

The investment timing aligns with favorable market conditions for digital money innovation. Regulatory clarity has advanced across multiple jurisdictions in recent months. 

Evidence shows adoption expanding beyond cryptocurrency use-cases into mainstream financial applications. Both Barclays and Ubyx have committed to responsible development within regulatory boundaries. 

The partnership positions both organizations to capitalize on emerging opportunities in tokenised money markets. Their joint efforts focus on building infrastructure that meets both innovation goals and compliance requirements.