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Barclays Makes Surprise Move Into Stablecoins With Stake in US Clearing Startup Ubyx

MarketDash Editorial Team
1 day ago
British banking giant Barclays has taken its first stake in a stablecoin company, investing in New York-based Ubyx as it explores what it calls "new forms of digital money." The move marks another step in the bank's decade-long flirtation with cryptocurrency and blockchain technology.

Barclays PLC (BCS) is quietly wading deeper into crypto waters. The British banking giant has purchased a stake in Ubyx, a US-based stablecoin clearing startup, according to a Reuters report published Wednesday. It's the bank's first investment in a stablecoin company, and it signals that traditional finance is getting more comfortable with digital currencies.

What's the Deal With Ubyx?

The financial details are under wraps—no disclosed valuation, no stake percentage. But Barclays confirmed the investment is real and said it plans to work with Ubyx to develop "tokenised money within the regulatory perimeter." That's bank-speak for digital currency that operates within existing financial rules rather than outside them.

So what does Ubyx actually do? Founded in 2025, the New York-based company operates a clearing system that lets anyone deposit stablecoins from various issuers and currencies into regular bank or fintech accounts and redeem them. Think of it as a bridge between the crypto world and traditional banking infrastructure.

Barclays hasn't made an official public announcement yet, and the bank has been characteristically tight-lipped when asked for additional details.

Not Barclays' First Crypto Rodeo

This investment isn't coming out of nowhere. Barclays has been crypto-curious for nearly a decade. Back in 2015, it became the first major UK bank to accept Bitcoin (BTC), a bold move at a time when most traditional financial institutions treated cryptocurrency like radioactive waste.

The bank has consistently praised blockchain technology—the distributed ledger system that powers Bitcoin—as an innovative framework that could significantly benefit traditional banking operations. Now it's putting money where its mouth is by investing in the stablecoin settlement infrastructure.

Stock Performance and Market Momentum

Barclays shares rose 0.95% in after-hours trading on Tuesday after closing 0.27% lower at $26.25 during the regular session. The stock has been on a tear lately, nearly doubling in value over the past year.

The stock currently exhibits a very high momentum score, which measures relative strength based on price movement patterns and volatility across multiple timeframes. That kind of momentum suggests investors are increasingly bullish on the bank's direction.

Back to Stock Market News

Barclays Makes Surprise Move Into Stablecoins With Stake in US Clearing Startup Ubyx

MarketDash Editorial Team
1 day ago
British banking giant Barclays has taken its first stake in a stablecoin company, investing in New York-based Ubyx as it explores what it calls "new forms of digital money." The move marks another step in the bank's decade-long flirtation with cryptocurrency and blockchain technology.

Barclays PLC (BCS) is quietly wading deeper into crypto waters. The British banking giant has purchased a stake in Ubyx, a US-based stablecoin clearing startup, according to a Reuters report published Wednesday. It's the bank's first investment in a stablecoin company, and it signals that traditional finance is getting more comfortable with digital currencies.

What's the Deal With Ubyx?

The financial details are under wraps—no disclosed valuation, no stake percentage. But Barclays confirmed the investment is real and said it plans to work with Ubyx to develop "tokenised money within the regulatory perimeter." That's bank-speak for digital currency that operates within existing financial rules rather than outside them.

So what does Ubyx actually do? Founded in 2025, the New York-based company operates a clearing system that lets anyone deposit stablecoins from various issuers and currencies into regular bank or fintech accounts and redeem them. Think of it as a bridge between the crypto world and traditional banking infrastructure.

Barclays hasn't made an official public announcement yet, and the bank has been characteristically tight-lipped when asked for additional details.

Not Barclays' First Crypto Rodeo

This investment isn't coming out of nowhere. Barclays has been crypto-curious for nearly a decade. Back in 2015, it became the first major UK bank to accept Bitcoin (BTC), a bold move at a time when most traditional financial institutions treated cryptocurrency like radioactive waste.

The bank has consistently praised blockchain technology—the distributed ledger system that powers Bitcoin—as an innovative framework that could significantly benefit traditional banking operations. Now it's putting money where its mouth is by investing in the stablecoin settlement infrastructure.

Stock Performance and Market Momentum

Barclays shares rose 0.95% in after-hours trading on Tuesday after closing 0.27% lower at $26.25 during the regular session. The stock has been on a tear lately, nearly doubling in value over the past year.

The stock currently exhibits a very high momentum score, which measures relative strength based on price movement patterns and volatility across multiple timeframes. That kind of momentum suggests investors are increasingly bullish on the bank's direction.

    Barclays Makes Surprise Move Into Stablecoins With Stake in US Clearing Startup Ubyx - MarketDash News