Barclays Explores Blockchain Platform for Payments and Tokenized Deposits
- Barclays is evaluating technology providers to build a blockchain platform for payments and deposits, aiming to select partners by April.
- The initiative may include stablecoin integration and tokenized deposit capabilities.
- In October 2025, Barclays joined a consortium to explore a reserve-backed digital currency on public blockchains focusing on G7-pegged assets.
- Last month, Barclays invested in Ubyx, a US firm offering global clearing for tokenized deposits and regulated stablecoins.
- The bank’s shift towards blockchain follows industry peers like JPMorgan and HSBC in adopting distributed ledger technology.
Barclays is advancing its blockchain strategy with plans to integrate stablecoins and tokenized deposits, aligning with industry trends. The bank’s strategic investment in Ubyx highlights its commitment to enhancing interoperability in digital financial services.
Source (3.2)https://cryptobriefing.com/barclays-blockchain-platform-payments/?rand=59535
