“Ubyx is building a framework to enable tokenized money to move between issuers and institutions, supporting the exchange and redemption of funds.”, — write: www.coindesk.com
The investment, terms of which were not disclosed, signals growing interest among traditional banks to lay the groundwork for blockchain-based payments that stay within the bounds of existing financial regulations.
That push includes Switzerland’s UBS, PostFinance and Sygnum Bank carrying out transactions on Ethereum in a proof of concept, and interbank messaging system Swift building infrastructure for onchain settlement.
Ubyx is building technology to enable tokenized money to move between issuers and institutions through a common settlement framework. The system is designed to support the exchange and redemption of tokenized funds at par value across wallets, banks and payment platforms.
“Interoperability is essential to unlock the full potential of digital assets,” said Ryan Hayward, Barclays’ head of digital assets and strategic investments, in a statement. “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.”
Early last year, Ubyx raised $10 million in a seed round led by Galaxy Ventures. VanEck, Peter Thiel’s Founders Fund and Coinbase Ventures also participated in the fundraiser.
KuCoin captured a record share of centralized exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the broader crypto market.
- KuCoin recorded over $1.25 trillion in total trading volume in 2025equivalent to an average of roughly $114 billion per monthmarking its strongest year on record.
- This performance translated into an all-time high share of centralized exchange volumeas KuCoin’s activity expanded faster than aggregate CEX volumeswhich slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly spliteach exceeding $500 billion for the year, signaling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activityreinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activityindicating structurally higher user engagement rather than short-lived volume spikes.
View Full Report
Lloyds enlisted the help of Archax and Canton Network to carry out the transaction.
- Lloyds Bank issued tokenized deposits on Canton, and Lloyds Bank Corporate Markets used the deposits to buy a tokenized gilt from Archax.
- Archax then moved the underlying funds back into its regular Lloyds account.
Read full story