Barclays has taken a step into the crypto world by investing in Ubyx.

Barclays has invested in the US-based startup Ubyx. This company is developing clearing systems for tokenized money, tokenized bank deposits, and regulated stablecoins.

Ubyx is building a common payment framework that allows tokenized money to move between assets and institutions. This supports the exchange of tokenized funds at nominal value and cash pickups.

This investment indicates that traditional banks like UBS, PostFinance, and Sygnum Bank are increasing their efforts to prepare infrastructure for blockchain-based payments in compliance with existing financial regulations.