“Stablecoins redeem, no exchange in between, Barclays and Ubyx join the digital scene!”
London, United Kingdom, Barclays has entered the stablecoin market for the first time by strategically investing in Ubyx, a U.S.-based stablecoin settlement company. There was no disclosure of the investment amount.
Tony McLaughlin, who earlier created Citi’s Regulated Liability Network for tokenised deposits, invented Ubyx, which debuted in March 2025. In June 2025, the firm raised $10 million in startup money under the leadership of Galaxy Ventures, with contributions from Founders Fund, Paxos, Payoneer, and other leading investors.
Tokenised deposits and regulated stablecoins can be directly redeemed into bank accounts thanks to Ubyx’s clearing network. As a result, consumers no longer need to use cryptocurrency exchanges to convert stablecoins.
The platform, which at first concentrated on stablecoins, has since grown to accommodate tokenised deposits, filling a crucial void in the digital money infrastructure for banks and fintechs.
According to a statement from Barclays, the investment is consistent with the company’s dedication to investigating novel forms of digital currency within the regulatory framework.
Along with Goldman Sachs and UBS, which recently revealed plans to investigate a G7-pegged stablecoin, the bank is part of an expanding group of major organisations investigating tokenised money.
According to a Barclays team member, “this investment reflects Barclays’ strategy to engage with innovative digital money solutions, including stablecoins.”
Investments like these indicate increased trust in regulated cryptocurrency infrastructure as the stablecoin market grows, boosted by platforms like Tether with $187 billion in circulation.
Barclays’ ownership of Ubyx demonstrates its proactive strategy for influencing the direction of tokenised money and digital payments.
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