London, Jan 9, 2026, 10:58 GMT — Regular session
Barclays shares dipped on Friday as investors weighed the lender’s first bet on stablecoin settlement infrastructure, announced earlier this week. The stock was down 0.2% at 483.7 pence by 1058 GMT, while the FTSE 100 was up 0.4%. (Hargreaves Lansdown)
The move is small, but it lands in a market that is suddenly picky about what banks do with capital. Investors want buybacks and clean balance sheets, and they want any push into crypto-adjacent plumbing to stay inside the regulatory fence.
Barclays framed the Ubyx investment as a way to connect “tokenised” money systems, where bank deposits or cash-like instruments are represented as tokens on a blockchain. “Interoperability is essential to unlock the full potential of digital assets,” Ryan Hayward, head of digital assets and strategic investments at Barclays, said. (PR Newswire)
Ubyx chief executive Tony McLaughlin called bank involvement central to making the system work at face value. “Bank participation is vital to provide par value redemption,” he said in the same release. Barclays did not disclose the size of its stake. (PR Newswire)
A filing on Friday showed Barclays bought back 2,069,387 shares on Thursday for cancellation, paying a volume-weighted average price of 483.2347p, with purchases ranging from 477.8000p to 485.2000p. Since the programme began on Oct. 23, the bank has repurchased 63,052,719 shares, the filing showed. (Investegate)
The bank also said it would redeem in full on Jan. 31 its 1 billion euro 2.885% fixed rate resetting senior callable notes due 2027, paying holders 100% of principal plus accrued interest. The settlement date falls on Feb. 2 because Jan. 31 is not a business day, it said. (Investegate)
Across the sector, heavyweight banks climbed 0.8% on Thursday even as London’s blue-chip index ended flat, with investors still betting the Bank of England will cut rates later this year. The next macro read is the U.S. December jobs report due later on Friday, which could reset rate expectations again. (Reuters)
Technically, the stock has traded between 223.75p and 492.95p over the past 52 weeks, and Friday’s session range was 482.45p to 486.90p. That leaves Barclays within sight of its recent highs, but not through them. (Investing)
But the stablecoin trade is early-stage and regulation-heavy, and it may not move earnings any time soon. A sharper swing in rate expectations or signs of rising bad loans would likely matter more for the shares than small strategic stakes.
Investors’ next hard checkpoint is Barclays’ full-year 2025 results on Feb. 10, when the bank is due to update on returns, credit quality and the pace of capital distributions. (Investing)
