Stablecoin settlement company Ubyx is invested in by Arab Bank's accelerator AB Xelerate

Mars Finance reports that, according to market sources, Arab Bank, a large international bank headquartered in Amman, Jordan, has announced an investment in stablecoin settlement company Ubyx. The specific investment amount has not been disclosed. The new funds will support the development of a shared network that enables regulated financial institutions to issue, accept, and exchange digital currencies at face value across multiple blockchains and jurisdictions, while operating within established regulatory and compliance frameworks. Previously, it was reported that Ubyx was acquired by banking giant Barclays, which plans to explore the development of “tokenized currency.”