Barclays Invests in Ubyx to Explore Stablecoin Settlement Solutions
Barclays, the UK-based banking giant, announced its investment in Ubyx, a US-based startup specializing in stablecoin settlement, marking its first foray into this growing sector as part of its strategy to explore digital money innovations.
Founded in 2025, Ubyx operates a platform for settling stablecoins, digital assets pegged 1:1 to traditional currencies, aiming to unify stablecoins issued by multiple entities. The platform addresses challenges of fragmented issuance and enables interoperable settlement for institutional adoption.
The move aligns with Barclays’ broader commitment to developing regulated tokenized money, following collaborations with companies like Coinbase and Galaxy Digital, which have also invested in Ubyx.
Stablecoins have seen significant growth in recent years, led by Tether (USDT), which has a market capitalization of around $187 billion and is widely used for cross-border payments and crypto trading. Barclays’ investment underscores its strategic goal to explore long-term growth opportunities in digital assets while ensuring regulatory compliance and financial governance.
By supporting Ubyx, Barclays positions itself to test new settlement models connecting stablecoins with traditional banking infrastructure, potentially enabling broader institutional adoption of digital assets.