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.
