Barclays, a UK banking giant, is diving into blockchain tech for its core banking services. The lender is seeking providers for a blockchain platform that handles payments, deposits, and crypto-related apps like stablecoins and tokenized deposits.
According to Bloomberg, Barclays has sent out requests for info to tech suppliers, though they're not naming names. A vendor could be picked as soon as April. This move fits with Barclays' recent crypto activity, like investing in Ubyx, a US-based stablecoin clearing platform.
Barclays is looking to leverage blockchain for more efficient payment infrastructure. With stablecoins and tokenized deposits on the rise, the bank's exploring ways to integrate these assets into its services. What's next for Barclays in crypto?
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