Stablecoin Settlement Firm Ubyx Secures Investment from Arab Bank's Accelerator AB Xelerate

Odaily News: AB Xelerate, the fintech accelerator under Arab Bank, a major international bank headquartered in Amman, Jordan, announced an investment in stablecoin settlement company Ubyx. The specific investment amount has not been disclosed. The new funds will support Ubyx in developing a shared network, enabling regulated financial institutions to issue, accept, and exchange digital currencies at par value across multiple blockchains and jurisdictions, while operating within established regulatory and compliance frameworks. Previously, it was reported that Ubyx had been acquired by banking giant Barclays to explore the development of "tokenized money." (Chainwire)