Barclays Explores Blockchain for Core Banking Infrastructure

[johnblockbuster]

UK banking giant Barclays is reportedly evaluating blockchain technology to modernize its core banking systems. According to Bloomberg, the lender has issued requests for information to technology providers capable of delivering a blockchain platform that could support payments, deposits and crypto-related services such as stablecoins and tokenized deposits.

Sources familiar with the matter say a vendor could be selected as early as April. While the specific companies under consideration haven’t been disclosed, the initiative signals that Barclays is actively assessing digital ledger infrastructure as part of a broader modernization strategy.

If implemented, blockchain could play a direct role in core banking functions — a significant shift from experimental or siloed crypto projects toward deeper institutional integration.

[madmax]

barclays entering the “maybe blockchain wasn’t a scam” phase