AB Xelerate’s backing of Ubyx seeks to bolster regulated cross-blockchain currency settlement systems, advancing interoperability and compliance in digital asset transactions.
Arab Bank’s fintech accelerator AB Xelerate has officially announced an investment in stablecoin settlement company Ubyx, with the financial details undisclosed. Ubyx is developing a shared network that enables regulated institutions to issue, accept, and exchange digital currencies across multiple blockchains, ensuring all transactions comply with established regulatory frameworks. The initiative aims to strengthen interoperability and regulatory adherence in digital asset settlements, supporting broader institutional adoption.