Barclays Makes First Stablecoin Infrastructure Investment
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Barclays invested in U.S. stablecoin settlement company Ubyx on January 6, 2026. The British bank stated the move is part of its plans to explore new forms of digital money. Ubyx launched in 2025 and operates as a clearing system for stablecoins that reconciles tokens created by different issuers. Barclays declined to disclose the investment size or valuation. Barclays makes first stablecoin infrastructure investment Barclays announced its stake purchase in Ubyx on Wednesday, calling it the bank’s first investment in a stablecoin-related company. The bank and Ubyx are committed to developing tokenized money within the regulatory perimeter. The bank declined to make public the size of its investment or the valuation placed on Ubyx. The venture capital arms of U.S. crypto companies Coinbase and Galaxy Digital previously invested in Ubyx, according to PitchBook. The company raised $10 million in seed funding in 2025 from a mixed investor base, including Galaxy Ventures, Coinbase Ventures, Founders Fund, Paxos, and VanEck. Various banks and financial institutions have announced plans involving stablecoins in the past year. Banks are exploring issuing stablecoins or creating blockchain-based tokens to represent financial assets. Many banks’ blockchain-related projects remain in early stages. Ubyx provides a clearing layer for multiple stablecoin issuers Ubyx operates as a clearing and settlement layer for stablecoins. The company reconciles tokens from different issuers, including Tether, Circle, and PayPal. The system allows any bank or fintech to redeem any stablecoin at par value into traditional financial accounts. Today’s stablecoins are siloed, with each issuer maintaining proprietary distribution channels. Ubyx creates what it calls singleness of money across multiple issuers and blockchains. Ubyx’s business model centers on connecting stablecoin issuers with receiving institutions through standardized APIs and shared settlement infrastructure. Rather than competing as a stablecoin issuer alone, Barclays is betting on the new layer of…
Filed under: News - @ January 7, 2026 10:25 am