About Ubyx
Making tokenized money ubiquitously accepted
Ubyx is the clearing infrastructure that connects issuers, banks, fintechs, and blockchains so that digital money can be converted back to cash at par value, anywhere in the world.
The Problem
The Universal Redemption Gap
Tokenized money circulates globally at enormous scale. Moving it across borders takes seconds. But converting it back to cash at full value? That is an unsolved infrastructure problem.
Without a clearing system, every issuer must negotiate bilaterally with every receiving institution. Every bank and fintech must build individual integrations with every token. The complexity scales geometrically; a many-to-many problem that cannot sustain the growth of tokenized money.
Ubyx collapses this to a hub model. Connect to the network once and reach the entire ecosystem.
No universal redemption mechanism
Tokenized money circulates globally but there is no standardised way for receiving institutions to redeem it at par value through regulated channels.
Geometric complexity
Multiple issuers, multiple chains, multiple receiving institutions. Each bilateral connection is a separate integration. The problem grows exponentially.
Financial institutions cannot participate
Banks and fintechs want to offer tokenized money acceptance to their clients but lack the infrastructure, compliance framework, and connectivity to do so safely.
Our Approach
The collection model
Ubyx operates a collection model, not a sale model. This is the fundamental difference between clearing and exchange.
When a bank or fintech accepts tokenized money from its customer, it submits the tokens for collection at par value through the Ubyx network. This is analogous to how cheque clearing works: the institution deposits the instrument for collection, rather than selling it on an open market.
The result is predictable, par-value redemption through regulated channels, not variable-price exchange on an order book. This is what institutional participants require.
Collection (Ubyx)
- Par value redemption
- Predictable settlement
- Regulated institutional channels
- Analogous to cheque clearing
- Compliance framework included
Exchange (Traditional)
- Variable pricing
- Slippage and spread risk
- Retail-oriented order books
- Counterparty risk per trade
- No integrated compliance
The Process
How clearing works
A bank or fintech accepts tokenized money and submits it for clearing through the Ubyx network.
Customer deposits tokenized money
A corporate or retail customer presents tokenized money (stablecoins, tokenized deposits) to their bank, fintech, or payment service provider for conversion to local currency.
Receiving institution submits a clearing request
The bank or fintech submits the tokenized money to the Ubyx network for collection at par value, along with the relevant transaction metadata and compliance information.
Ubyx validates and routes the transaction
The network validates the transaction, identifies the issuer, confirms reserves and compliance status, and coordinates settlement instructions between the parties.
Settlement at par value
The tokenized money is redeemed. The issuer settles in fiat through established banking rails. The receiving institution credits its customer. Settlement is final.
Backed by leading investors
Our Story
Founded by payments veterans
Ubyx was founded on 24 March 2025 by Tony McLaughlin, a payments industry veteran with over 30 years of experience at Barclays and Citi. At Citi, Tony led the intellectual development of the Regulated Liability Network, the conceptual precursor to institutional tokenized money clearing.
The company raised a $10 million seed round led by Galaxy Ventures, with participation from Coinbase Ventures, Founders Fund, VanEck, and Barclays.