What to know : Barclays is exploring the creation of a blockchain platform for processes like payments. The London-based financial services giant is consulting with prospective technology providers on the development of such a platform. Barclays' blockchain-based plans could include stablecoins and tokenization.
Multinational bank Barclays (BARC) is exploring the creation of a blockchain platform for payments and other processes, Bloomberg reported on Friday.
The London-based financial services giant is consulting with prospective technology providers on the development of such a platform that would see it rival JPMorgan (JPM) and others in using decentralized technology for banking services.
Barclays' blockchain-based plans could include stablecoins and tokenization, according to the report, citing people familiar with the matter.
JPMorgan first allowed tokenized deposits — deposits represented as digital tokens on a decentralized ledger — through its dollar-denominated JPM Coin all the way back in 2019.
More recently, HSBC has also enabled tokenized deposits to expand its own push into blockchain-based payments.
Such institutions are exploring how blockchain technology can make existing financial processes more transparent and more efficient by carrying them out on decentralized networks that lack some of the input of intermediaries and allow faster settlement.
Barclays did not respond to CoinDesk's request for comment.
Read More: JPMorgan expands blockchain goals, plans to build ‘interoperable digital money’
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
