British financial group Barclays is showing signs of seeking to innovate core banking functions using blockchain technology, Cointelegraph reported on Feb. 27, citing Bloomberg News.
According to Bloomberg News, Barclays is exploring technology cooperation to build a blockchain platform capable of handling payments, deposits and digital assets such as stablecoins. It has sent requests for information to multiple technology suppliers and could select a partner as early as April.
The decision is interpreted as part of Barclays' strategy to broaden its presence in the digital asset space. Barclays recently invested in U.S.-based stablecoin clearing platform Ubyx, showing interest in tokenised payments infrastructure.
The bank may also take part in the initial public offering of cryptocurrency hardware firm Ledger.
Chi-gyu Hwang
delight@d-today.co.kr