Barclays Invests in Ubyx to Advance Digital Money Connectivity
Ubyx provides a global clearing system for tokenised deposits and stablecoins.
"Interoperability is essential to unlock the full potential of digital assets. As the landscape of tokens, blockchains and wallets evolves, specialist technology will play a pivotal role in delivering connectivity and infrastructure to enable regulated financial institutions to interact seamlessly. We are pleased to be joining Ubyx on their journey as we drive forward our shared ambition to accelerate and shape innovation across our industry," said
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.
About Barclays:
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For further information about Barclays, please visit our website home.barclays
About Ubyx:
Ubyx was founded to facilitate tokenised money ubiquity, connecting multiple issuers with multiple receiving institutions in a common settlement environment that allows redemption of digital money at par value, supporting the singleness of money.
For more information visit https://ubyx.xyz
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SOURCE Ubyx Inc.; Barclays
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