Arab Bank's Fintech Accelerator, AB Xelerate, has made a strategic investment in Ubyx Inc., a provider of infrastructure for tokenized deposits and regulated stablecoins. The investment, with an undisclosed amount, aims to advance cross-border financial infrastructure development between the Middle East and global markets. Ubyx is developing a shared network that will enable regulated financial institutions to issue, accept, and redeem digital currencies at face value across multiple blockchains and jurisdictions, all while operating within established regulatory and compliance frameworks.

#crypto #blockchain #news