Barclays Makes Strategic Investment in Ubyx Stablecoin Ecosystem

Barclays Makes Its First Investment in Stable Cryptocurrencies

Barclays, one of the world's largest banks, has announced a significant investment in Ubyx, a stablecoin settlement platform based in the United States. This move marks a crucial step towards regulated digital currency and tokenized financial services.

According to official statements, Barclays has invested in Ubyx, which aims to connect regulated issuers with banks and fintech companies. The bank has yet to disclose the value of the investment.

“As the landscape of tokens, blockchains, and wallets evolves, specialized technology will play a critical role in ensuring connectivity and infrastructure needed for regulated financial institutions,” stated Ryan Hayward, head of digital assets and strategic investments at Barclays.

This investment follows a $10 million funding round secured by Ubyx in June 2025, backed by investors from leading venture capital firms, including Galaxy, founded by Michael Novogratz, and the cryptocurrency exchange Coinbase.

Ubyx was established in March 2025 by payments expert Tony McLaughlin, who managed payments and cash flows for over 20 years at Citi. Describing himself as a “tokenized money maximalist,” McLaughlin emphasizes the expanding role of tokenized financial services.

“Our mission is to build a global acceptance network for regulated digital currencies, including tokenized deposits and regulated stablecoins,” McLaughlin asserted.

Barclays' investment in Ubyx signifies a notable shift in the bank's approach to cryptocurrencies, which previously exhibited a more cautious attitude towards the risks associated with digital assets.