Barclays has made its first equity investment in a stablecoin-related company by acquiring a stake in Ubyx, a stablecoin settlement provider based in the United States. The bank confirmed that it purchased an undisclosed share of Ubyx and described the deal as part of its broader efforts to explore “new forms of digital money,” including stablecoins.
Although the investment size and Ubyx’s valuation have not been disclosed, this marks Barclays’ first direct investment in a firm focused on stablecoins.
Ubyx operates a clearing system for stablecoins. The platform aims to reconcile tokens from multiple issuers so they can be treated more like interchangeable cash equivalents.
Furthermore, it allows regulated banks and fintechs to redeem supported stablecoins at face value into existing accounts, positioning it as an off-ramp layer between crypto tokens and traditional finance.
What Ubyx Does in Stablecoin Markets
Ubyx raised 10 million dollars in seed funding in 2025 from investors including Galaxy Ventures, Founders Fund, Coinbase Ventures, VanEck, and Paxos to build a global stablecoin network.
Its model connects multiple stablecoin issuers with multiple receiving institutions, seeking to reduce fragmentation that currently forces each issuer to maintain its own bespoke distribution channels.
The company targets use cases where corporates and financial institutions want stablecoins for payments or treasury management but need predictable par-redemption and clear accounting treatment.
By standardizing redemption processes and applying rule-based clearing, Ubyx aims to make various fiat-backed tokens function as a single settlement layer across chains and currencies.
Why the Deal Matters for Banking and Stablecoins
Both Barclays and Ubyx are committed to developing “tokenised money within the regulatory perimeter,” aligning the project with bank-level compliance on AML and sanctions screening.
The bank had already joined a group of lenders exploring a jointly issued stablecoin pegged to G7 currencies, and the Ubyx stake deepens that work on infrastructure for digital settlement assets.
Earlier backers from the crypto and payments sectors, including Coinbase Ventures, Galaxy Ventures, Payoneer, and Paxos, had framed Ubyx as a bridge between stablecoin liquidity and traditional banking rails.
Barclays’ entry adds a major UK banking name to that investor list, reflecting growing institutional interest in stablecoin plumbing rather than just trading or issuance.
READ MORE: Litecoin Price Holds Near $83 as Analysts Flag Breakout Setup
