The Ubyx platform has secured $10 million in investments to develop a clearing infrastructure for stablecoins, with a launch planned for the fourth quarter of 2025.
This is reported by Finway
Investors and Partners of the Ubyx Project
The seed funding round was led by Galaxy Ventures, with participation from leading market players such as Coinbase Ventures, Founders Fund, VanEck, Mirana Ventures, LayerZero, Paxos, Boku, Payoneer, and Monerium. Among the project’s partners are companies like Paxos, Ripple, Transfero, GMO Trust, BiLira, Agora, Juno, Brale, Minteo, Tokenised GBP, Avenia, Agant, AllUnity, and Eurodollar.
Capabilities and Integrations of the Ubyx Platform
Ubyx is creating a clearing infrastructure for stablecoins that will allow for the exchange of digital assets for fiat currency without losses or delays. The platform connects issuers and regulated financial organizations into a single network that ensures the redemption of assets at face value and their deposit as cash equivalents.
“The platform unites issuers and regulated financial institutions into a single network where digital assets are redeemed at face value and deposited as cash equivalents,” the statement reads.
A number of well-known companies and stablecoin issuers, including Paxos, Ripple, Agora, Transfero, Monerium, GMO Trust, BiLira, Juno, Brale, Minteo, Tokenised GBP, Avenia, Agant, AllUnity, and Eurodollar, have already joined the network.
Ubyx is also integrating with popular public blockchains such as Aptos, Arbitrum, Avalanche, Base, Canton, Concordium, Hedera, Polygon, Solana, Starknet, Stellar, Sui, XDC, XRP Ledger, and ZKsync.
Technical support and the necessary infrastructure for the system’s operation are provided by companies such as Axelar, BitGo, Chainalysis, Fireblocks, GK8, Copper, TRM Labs, Taurus, Zodia Custody, and others.
The launch of the Ubyx clearing platform is scheduled for the fourth quarter of 2025. In the future, the company plans to implement decentralized governance and expand the list of supported currencies.
Previously, U.S. Treasury Secretary Scott Bessen predicted that the market for dollar-pegged stablecoins could reach $2 trillion or even exceed that amount in the coming years.