Latest: Barclays Makes First Stablecoin Investment With Stake In Ubyx

Barclays has invested in Ubyx, a US stablecoin clearing platform, marking a major move into regulated digital money and tokenized financial services.

Barclays, one of the world’s biggest banks and a systemically important global financial institution, has made its first investment in a stablecoin-related company.

The United Kingdom-based bank said Wednesday it had invested in Ubyx, a US stablecoin clearing platform that aims to connect regulated issuers with banks and fintech companies. Barclays did not disclose the size of the investment.

“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,” said Ryan Hayward, head of digital assets and strategic investments at Barclays.

The investment follows Ubyx’s $10 million seed funding round in June 2025, backed by investors including venture capital arms of Michael Novogratz-founded Galaxy and the US crypto exchange Coinbase.

Ubyx was founded in March 2025 by payments veteran Tony McLaughlin, who spent more than 20 years at Citi, managing payments and cash flows.

Describing himself on LinkedIn as a “tokenized money maximalist,” McLaughlin has highlighted the growing role of tokenized financial services.

“Our mission is to build a common globalised acceptance network for regulated digital money including tokenised deposits and regulated stablecoins,” McLaughlin said.

“We are entering a world in which every regulated firm offers digital wallets in addition to traditional bank accounts,” he added.

When announcing its 2025 seed funding, Ubyx said its platform was designed to enable broad adoption of stablecoins, including those issued by major industry players including Ripple, Paxos, AllUnity and Eurodollar.

Source: CoinTelegraph