Ubyx

Ubyx is a clearing and acceptance network for tokenized money, covering stablecoins and tokenized bank deposits. The company's stated problem is a "universal redemption gap": tokenized money moves across borders in seconds, but converting it back into cash at full value requires every issuer to negotiate bilaterally with every receiving institution, producing a many-to-many integration problem. Ubyx positions itself as a hub that participants connect to once in order to reach the wider ecosystem.

The network operates what Ubyx calls a collection model rather than a sale model. A bank, fintech or payment service provider accepts tokenized money from a customer and submits a clearing request to Ubyx; the network validates the transaction, identifies the issuer, confirms reserves and compliance status, and coordinates settlement instructions; the token is redeemed at par value, the issuer settles in fiat through banking rails, and the receiving institution credits its customer in local currency. Ubyx compares this to cheque clearing, contrasting it with exchange-based conversion that involves variable pricing, slippage and per-trade counterparty risk. All participants agree to the Ubyx Rulebook, which sets operational standards, compliance requirements (including AML and KYC checks) and settlement processes. A stated objective is to allow institutions to treat stablecoins as cash equivalents under existing accounting norms.

The platform is designed to be multi-issuer, multi-blockchain and multi-currency. Networks named for launch support include Aptos, Arbitrum, Avalanche, Base, Canton, Concordium, Hedera, Polygon, Solana, Starknet, Stellar, Sui, XDC, XRP Ledger and ZKsync. As of mid-2026 the company's site also reports Ubyx operating masternodes as a validator on the XDC Network and publishing thought-leadership papers on bank participation in public blockchains and on autonomous-agent commerce.

Founding story

Ubyx was founded on 24 March 2025 by Tony McLaughlin, a payments veteran active since 1993 with over 20 years at Citi, where his roles included Emerging Payments and Business Development (2016–2025), Cash Management Head Asia Pacific (2013–2016) and Global Transactions Services Head UK (2004–2013), and earlier work as a Senior Solutions Integrator at ABN AMRO (2001–2004). At Citi he led the intellectual development of the Regulated Liability Network, described by the company as the conceptual precursor to institutional tokenized money clearing.

Business model

Ubyx runs a mutualized, rules-based clearing network intermediating between tokenized-money issuers on one side and receiving institutions (banks, fintechs, payment service providers) on the other, with participation governed by the Ubyx Rulebook. Sources describe the network mechanics but do not state pricing or fee arrangements.

Traction

By the June 2025 seed announcement, Ubyx had signed a list of issuer and infrastructure partners and stated it would launch live operations in the final quarter of 2025, followed by broader currency support and a gradual shift toward decentralised governance and infrastructure. The company's site, as of 2026, describes an operating network and ongoing publications and network participation. No customer, volume or revenue figures are disclosed in the sources.

Latest developments

The company's site reports that Ubyx became a validator on the XDC Network in June 2026, operating masternodes on the ISO 20022-compatible chain; published the third part of its "Commerce at Machine Speed" white paper on agent identity, mandate and accountability in June 2026; and, with stakeFi, published a paper in July 2026 arguing for regulated banks to act as validators at the base layer of public blockchains.