Barclays, which manages $2.2 trillion in assets, has made its first move into stablecoins by backing Ubyx Inc., a U.S.-based clearing system for tokenized deposits and regulated stablecoins. Announced on January 7, 2026, the investment aims to improve connectivity across tokens, blockchains, and digital wallets as adoption of digital money accelerates. Ubyx CEO Tony McLaughlin says banks will increasingly offer digital wallets alongside traditional accounts, with Barclays joining Galaxy and Coinbase Ventures in Ubyx’s $10 million seed round.
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