Feb. 19 at 1:17 PM
🏦 Arab Bank's fintech arm AB Xelerate has invested in Ubyx Inc., a clearing network for tokenised deposits and regulated stablecoins.
Ubyx is building shared infrastructure for regulated institutions to issue, accept and redeem digital money at par value across multiple blockchains and jurisdictions.
💬 Hala Zahan, Head, AB Xelerate:
"Digital assets and stablecoins represent a major opportunity for financial innovation in the MENA region."
💬 Tony McLaughlin, CEO, Ubyx:
"For digital money to scale, it must move seamlessly across institutions, markets and jurisdictions while retaining par-value integrity."
Focus: cross-border flows between the Middle East and global markets 🌍
Full article: https://liquidityfinder.com/news/ab-xelerate-takes-stake-in-stablecoin-and-tokenised-deposit-infrastructure-provider-ubyx-98f33
$ARBK #Stablecoins #TokenisedDeposits #DigitalMoney #Fintech #MENA #RegulatedFinance
