Barclays Explores Blockchain for Payments and Tokenized Deposits

Barclays is consulting technology suppliers as it explores building a blockchain-based payments product, according to multiple reports detailing supplier outreach and internal briefings ^[1][2].

Coverage says the initiative would target payment settlement and could extend to tokenized deposits and stablecoin use, with the bank reportedly seeking a technology partner to develop a blockchain settlement engine ^[2][3][5].

Observers note the move would place Barclays alongside other large banks and fintech firms pursuing distributed-ledger solutions for banking services, including comparisons to JPMorgan in recent reporting ^[2][4].

Cited reports describe the effort as exploratory and focused on supplier consultations, reflecting broader industry interest in integrating stablecoins and tokenization into traditional banking infrastructure ^[1][2][3][5].