Overview
- Bloomberg reporting says Barclays is consulting potential suppliers for a blockchain-based settlement platform and may select partners as early as April.
- The capabilities under review include support for regulated stablecoins and tokenized deposits to enable faster, on-chain settlement.
- Barclays confirmed a January strategic investment in Ubyx, and executive Ryan Hayward highlighted interoperability as critical for regulated institutions.
- The bank declined to comment to multiple outlets on the latest report, which positions it to compete with peers that have deployed tokenized-deposit solutions such as JPMorgan and HSBC.
- Barclays’ exploration follows years of digital-money work, including participation in a 2025 bank-led reserve-backed digital currency effort, involvement with Fnality, and engagement in the UK multibank tokenized deposit initiative GBTD.