Barclays Invests in Tokenized Money Firm

Barclays has announced a strategic investment in Ubyx Inc., a U.S. based clearing system for digital money including tokenized deposits and regulated stablecoins according to a story in MarketsMedia news. “Interoperability is essential to unlock the full potential of digital assets. As the landscape of tokens, blockchains and wallets evolves, specialist technology will play a pivotal role in delivering connectivity and infrastructure to enable regulated financial institutions to interact seamlessly. We are pleased to be joining Ubyx on their journey as we drive forward our shared ambitions." Barclays said in a statement.