Barclays is evaluating technology providers for a new platform to integrate stablecoins and tokenized deposits, according to a report from Bloomberg.
The British banking giant is exploring blockchain-based settlement systems in response to growing demand, and could pick a vendor as soon as April, according to people familiar with the matter.
Barclays’ recent activities signify a shift from its previously cautious stance to active investment in blockchain infrastructure. This change aligns with the evolving financial landscape, influenced by regulatory developments like the US GENIUS Act, which established a framework for dollar-backed tokens, and has encouraged institutions to explore blockchain and digital currencies more aggressively.
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