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Barclays talks to vendors about blockchain platform for payments
The UK-based bank is exploring the creation of a platform that could be used for stablecoins and tokenisation, says Bloomberg, citing sources.
Barclays has approached potential technology suppliers and could pick partners as soon as April.
Barclays would be following in the footsteps of JPMorgan Chase, which has created JPM Coin, the first bank-issued USD-denominated deposit token.
The token is designed to provide institutional clients with the ability to make payments using a digital representation of JP Morgan USD deposits on a public distributed ledger.