Barclays Invests In U.S.-Based Clearing System For Digital Money Ubyx; Terms Not Disclosed

Barclays has announced a strategic investment in Ubyx Inc., a U.S. based clearing system for digital money including tokenised deposits and regulated stablecoins.

This investment comes at a time of growing interest in new forms of digital money based on tokens transacted on public blockchain infrastructures. Regulatory clarity is moving forward in several jurisdictions, and evidence of growing adoption outside of cryptocurrency use-cases is emerging. Barclays and Ubyx are committed to the responsible development of tokenised money within the regulatory perimeter.