Finance
What to know:
- Oh, Barclays, that clever bunch, has tossed their hat into the ring by investing in Ubyx-a US startup crafting whizz-bang clearing systems for tokenized money, like glittering tokenized bank deposits and gasp regulated stablecoins. 🤑
- Ubyx is concocting a magical framework to fling tokenized cash between issuers and institutions, letting folks swap and redeem tokenized funds at par value. It’s like financial Legos, but with more math. 🧱
- This investment is a sly wink from traditional banks (UBS, PostFinance, Sygnum Bank, etc.) to cozy up to blockchain-based payments while pretending they’ve always been besties with regulations. Who knew? 😏
Barclays, the UK’s second-largest bank (because nothing says “humility” like market cap rankings), revealed they’ve thrown cash at Ubyx, a US startup building clearing systems for tokenized money. Think of it as Monopoly money, but with more lawyers. 🎲
The deal’s terms? Hush-hush, of course. But let’s just say traditional banks are suddenly more interested in blockchain than your grandma is in TikTok dances. 🕺
This fintech frenzy includes UBS, PostFinance, and Sygnum Bank moonlighting as Ethereum enthusiasts for a proof of concept. Even Swift, that old-school messaging system, is building infrastructure for onchain settlements. Who would’ve thought? 🤯
Ubyx is engineering tech to fling tokenized money between issuers and institutions via a “common settlement framework.” It’s like a financial teleporter, but with more spreadsheets. 🚀
“Interoperability is the secret sauce to unlock digital assets’ full potential,” declared Ryan Hayward, Barclays’ digital asset wizard, in a statement. “As tokens, blockchains, and wallets evolve, specialist tech will be the glue holding this chaotic jigsaw together.” 🧩
Last year, Ubyx wrangled $10 million in a seed round led by Galaxy Ventures. VanEck, Peter Thiel’s Founders Fund, and Coinbase Ventures also joined the party. Turns out, everyone loves a good crypto cocktail. 🍸
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2026-01-07 14:25