#USA #New York #Digital Money #AB Xelerate #Ubyx Inc.

AB Xelerate Makes Strategic Move by Investing in Ubyx

AB Xelerate, the fintech accelerator of Arab Bank, has taken a significant step towards enhancing global digital money connectivity by investing in Ubyx Inc. This company specializes in providing the infrastructure necessary for clearing and accepting tokenized deposits and regulated stablecoins. The investment reflects a growing trend where regulated digital currencies are moving swiftly from initial pilots to full-scale implementation across international financial markets.

As the importance of regulated digital money continues to rise, especially in the context of cross-border transactions, the need for reliable infrastructure has never been more critical. Ubyx is working on establishing a shared network that will enable regulated financial institutions to issue, accept, and redeem digital currencies at par value across various blockchain networks and jurisdictions—all while adhering to established regulatory frameworks.

Hala Zahan, the Head of AB Xelerate, emphasized the potential for financial innovation in the MENA region through digital assets and stablecoins. She stated, "Our investment with Ubyx reflects our confidence in their infrastructure and their ability to support the secure, compliant, and scalable adoption of this emerging ecosystem." This sentiment highlights the commitment of both companies to drive the adoption of regulated digital money that facilitates smooth financial transactions.

Tony McLaughlin, the CEO of Ubyx, pointed out the necessity of global networks for the future of digital currencies. He explained, "For digital money to scale, it must move seamlessly across institutions, markets, and jurisdictions while retaining par-value integrity and regulatory confidence." The collaboration between AB Xelerate and Ubyx not only leverages the banking innovation experience of AB Xelerate but also aims to build infrastructure conducive to global adoption in digital finance.

Cross-border financial flows are envisioned as a key area for digital currency adoption, linking the MENA region to global markets. Ubyx and AB Xelerate are united in their goal to facilitate these transactions using regulated digital money infrastructure, which will bolster international trade, streamline liquidity management, and allow for more efficient settlement systems—all under rigorous compliance measures.

About Arab Bank
Founded in 1930 and based in Amman, Jordan, Arab Bank boasts one of the largest global Arab banking networks, featuring over 600 branches worldwide. The bank is known for offering a wide array of banking services tailored to meet the needs of individuals, corporations, and international financial institutions, covering areas like personal banking and corporate operations.

About AB Xelerate
AB Xelerate operates as the fintech accelerator for Arab Bank, focusing on identifying strategic partnerships with promising startups and emerging technologies within the MENA region. The initiative aims to connect entrepreneurial innovations with larger entities while facilitating collaborations, joint ventures, and investments relevant to Arab Bank’s growth and innovation needs.

About Ubyx
Ubyx was established to support the global acceptance of regulated digital money. The firm aims to create a seamless environment where various issuers can connect with multiple receiving institutions for the redemption of tokenized deposits and regulated stablecoins, thus maintaining the integrity and uniqueness of money in emerging digital economic systems.

This strategic partnership highlights the crucial role of regulated digital currencies in shaping the future of international finance and underscores a promising trend in fintech collaboration aimed at enhancing financial connectivity globally.