Barclays looks for tech provider for new blockchain settlement engine: Bloomberg
Analysis
Price Impact
MedBarclays' exploration of a blockchain settlement engine is a positive development for the broader adoption of blockchain technology in traditional finance. while it doesn't directly impact specific cryptocurrencies like bitcoin or ethereum in the short term, it signals growing institutional interest and potential future use cases for digital assets and tokenization, which could indirectly benefit the crypto market.
Trustworthiness
HighThe information comes from bloomberg, a reputable financial news source, and cites people familiar with the matter. barclays is a major financial institution, making their exploration of blockchain significant.
Price Direction
NeutralThis news primarily concerns institutional adoption of blockchain technology for traditional financial processes rather than a direct impact on the price of specific cryptocurrencies. while it could foster a more favorable environment for crypto in the long run, there's no immediate catalyst for a price surge or drop in major coins based solely on this announcement.
Time Effect
LongThe development and integration of a new blockchain settlement engine by a major bank like barclays is a long-term endeavor. the true impact on the crypto market, if any, will likely be seen over months and years as such technologies mature and gain wider adoption.
Original Article:
Article Content:
Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Barclays looks for tech provider for new blockchain settlement engine: Bloomberg The U.K. bank would rival JPMorgan and others in using decentralized technology for banking services. By Jamie Crawley | Edited by Stephen Alpher Feb 27, 2026, 4:25 p.m. Make us preferred on Google What to know : Barclays is exploring the creation of a blockchain platform for processes like payments. The London-based financial services giant is consulting with prospective technology providers on the development of such a platform. Barclays' blockchain-based plans could include stablecoins and tokenization. Multinational bank Barclays (BARC) is exploring the creation of a blockchain platform for payments and other processes, Bloomberg reported on Friday . The London-based financial services giant is consulting with prospective technology providers on the development of such a platform that would see it rival JPMorgan (JPM) and others in using decentralized technology for banking services. Barclays' blockchain-based plans could include stablecoins and tokenization, according to the report, citing people familiar with the matter. JPMorgan first allowed tokenized deposits — deposits represented as digital tokens on a decentralized ledger — through its dollar-denominated JPM Coin all the way back in 2019 . More recently, HSBC has also enabled tokenized deposits to expand its own push into blockchain-based payments. Such institutions are exploring how blockchain technology can make existing financial processes more transparent and more efficient by carrying them out on decentralized networks that lack some of the input of intermediaries and allow faster settlement. Barclays did not respond to CoinDesk's request for comment. Read More: JPMorgan expands blockchain goals, plans to build ‘interoperable digital money’ Barclays Blockchain payments Tokenization More For You Grant Cardone plans to tokenize his firm's $5 billion real estate portfolio By Krisztian Sandor | Edited by Stephen Alpher 19 hours ago The real estate investment mogul said his firm, Cardone Capital, is exploring blockchain-based tokens for property holdings as tokenization gains traction. What to know : Grant Cardone said his firm is preparing to tokenize its $5 billion real estate portfolio. The move follows Cardone Capital's bitcoin purchase and wider push into digital assets. While property tokenization is gaining traction and projected to grow quickly, regulatory hurdles and thin secondary market liquidity remain a bottleneck. Read full story Latest Crypto News Punters want crypto: UK Gambling Commission explores how to keep bettors on licensed sites 1 hour ago CoinDesk 20 performance update: Solana (SOL) falls 4.2%, leading index lower 2 hours ago The worst may lie ahead. Bitcoin chart revisits historic pattern. 4 hours ago Bitcoin falls with ether, solana while decred, AI-linked tokens advance 4 hours ago MARA and Block jump double digits in pre-market trading while CoreWeave sinks 5 hours ago Germany's AllUnity issues regulated stablecoin tied to safe haven Swiss franc 6 hours ago Top Stories Bitcoin ETF holders and treasury firms stack protection against price crash below $60,000, Deribit says 9 hours ago U.S. spot bitcoin ETFs set for biggest week in 6 after adding $1.1 billion in three days 6 hours ago Analysis: Block’s retreat to 2019 scale could be a hint of deeper shifts in payments economics 11 hours ago Here is why Ethereum's bold new plan could make the blockchain giant high-speed 'internet of value' by 2029 19 hours ago U.S. regulator's GENIUS pitch casts dark cloud over crypto sector's stablecoin model 18 hours ago