About Ubyx

Ubyx is a global institutional clearing and settlement network for tokenized money, founded in 2025 and headquartered in the US. Its founder, Tony McLaughlin, spent two decades at Citi leading emerging payments and authored the Regulated Liability Network whitepaper, a framework later prototyped by the Federal Reserve. Ubyx raised a $10M seed round led by Galaxy Ventures, with participation from Coinbase Ventures, Founders Fund and VanEck, and has since attracted investment from Barclays. Behind the network stands a coalition of 15 stablecoin issuers, 15 blockchains and 18 scaling partners, including LatAm names such as Transfero, Avenia, Juno (a Bitso company) and Minteo. In Latin America, Ubyx already operates with paying customers in Brazil and Argentina.

The problem it solves

Tokenized money has a many-to-many problem. Dozens of regulated issuers mint stablecoins on dozens of blockchains, but the banks and fintechs that need to receive that money cannot integrate each issuer, each token and each chain bilaterally. Without a common clearing layer, every new stablecoin adds integration cost instead of utility, and redemption value depends on whichever venue happens to quote it. It is the same structural gap that checks and card payments faced before clearing houses existed: instruments multiply faster than the connections needed to accept them.

For corporate treasuries, the symptom is familiar. Multinational companies paying suppliers in fiat, in markets like Brazil, face long clearing and settlement cycles, with capital stuck in transit and counterparty exposure for the full duration of the settlement window.

How it works

Ubyx sits between regulated issuers and receiving institutions as a neutral clearing and settlement network. Banks and fintechs connect once and become able to accept and redeem any eligible regulated stablecoin or tokenized deposit at par value, with settlement executed through regulated venues. The receiving institution does not need to hold crypto expertise, manage venue relationships or price redemption risk: par value is the standard, not the exception.

Applied to the vendor payment flow, the effect is direct. A corporate treasury can send any regulated stablecoin, in any currency, to suppliers in Brazil, and the payment and reconciliation flow becomes faster, cheaper and lower risk than the traditional correspondent chain.

Results

Money spends less time in transit. The paying treasury retains funds for longer and carries no counterparty credit risk during settlement, while the receiver has the payment processed and available faster and at lower cost. For the receiving banks and fintechs, a single integration replaces what would otherwise be dozens of bilateral issuer and venue relationships, turning stablecoin acceptance from an engineering project into a product decision.

Key takeaways

Clearing is global, but the last leg is always local. To complete the flow in markets like Brazil, regulated local partners for pay-ins and payouts are indispensable, for example when payments need to reach suppliers through PIX. The lesson for the region is clear: tokenized money scales when a neutral clearing layer meets regulated local rails, each doing what the other cannot.

Evidence of activity

Ubyx supports LatAm banks and fintechs, and their corporate clients, in receiving and redeeming any eligible regulated stablecoin or tokenized deposit at par value, and operates with paying customers in Brazil and Argentina.