Barclays is assessing the creation of a blockchain-based system to process payments and deposits as it evaluates digital-asset technology for mainstream banking functions, Bloomberg reported, citing people familiar with the discussions.
Barclays Explores Blockchain for Payments Infrastructure: Bloomberg
1 March 2026 - 19:39 CET
By Sandmark staff
The UK bank is said to have circulated a request for information to technology providers as part of early-stage planning. The proposed platform could support stablecoin transactions and tokenized deposits, with a potential provider decision targeted for April. Barclays declined to comment, the report said.
The move would place Barclays alongside other global lenders experimenting with onchain payments tools. JPMorgan has introduced its JPM Coin deposit token, while HSBC is expanding tokenized deposit services.
