Informed Sources: Barclays Explores Blockchain Platform, May Launch Stablecoin and Tokenized Deposits

Techub News, according to Bloomberg, citing informed sources, Barclays Bank is consulting with technology suppliers to assess the possibility of creating a blockchain platform to handle processes such as payments, exploring the application of digital asset technology in banking services. The bank has sent Requests for Information (RFI) to potential suppliers to evaluate the feasibility of building new products, with related applications potentially including stablecoins and tokenized deposits. It plans to select a supplier as early as April this year.