Stablecoin settlement company Ubyx receives investment from AB Xelerate, an accelerator under Arab Bank.

AB Xelerate, the fintech accelerator of Amman-based Arab Bank, announced an investment in stablecoin settlement company Ubyx. The specific investment amount was not disclosed. The new funds will support Ubyx's development of a shared network enabling regulated financial institutions to issue, accept, and exchange digital currencies at face value across multiple blockchains and jurisdictions, while operating within established regulatory and compliance frameworks. Previously, Ubyx was reportedly acquired by banking giant Barclays and plans to explore the development of "tokenized currencies." (Chainwire)