Barclays, a major global financial institution, has made its first investment in a stablecoin-related company by investing in Ubyx, a US stablecoin clearing platform. The investment amount was not disclosed. Ubyx aims to connect regulated issuers with banks and fintech companies to advance digital money connectivity.

Ubyx, founded in March 2025 by payments veteran Tony McLaughlin, received $10 million in seed funding in June 2025. The platform is designed to enable broad adoption of stablecoins, including those issued by Ripple, Paxos, and others. McLaughlin highlighted the growing role of tokenized financial services in today’s market.

This investment marks Barclays’ first foray into the stablecoin space, signaling a shift in the bank’s approach to crypto assets. In the past, Barclays had restricted some crypto-related transactions and even blocked crypto purchases on Barclaycard credit cards citing volatility concerns. The move represents a strategic shift towards exploring opportunities in digital money.

Read more at CoinTelegraph: Barclays Invests In Ubyx Stablecoin Platform