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Arab Bank's fintech accelerator, AB Xelerate, has made a strategic investment in Ubyx Inc., a provider of clearing and acceptance infrastructure for tokenised deposits and regulated stablecoins, as regulated digital money transitions from pilot initiatives to live deployment across global financial markets.
Ubyx is developing a shared network that enables regulated financial institutions to issue, accept and redeem digital money at par value across multiple blockchain networks and jurisdictions, while operating within established regulatory and compliance frameworks.
The investment reflects Arab Bank's stated focus on cross-border financial infrastructure, particularly as regulated digital money assumes a growing role in international trade, treasury and payments flows connecting the Middle East with global markets.
Hala Zahan, Head, AB Xelerate said:
"Digital assets and stablecoins represent a major opportunity for financial innovation in the MENA region. 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."
Tony McLaughlin, Chief Executive Officer, Ubyx
Tony McLaughlin, Chief Executive Officer, Ubyx commented:
"The future of digital money depends on global networks, not isolated platforms. For digital money to scale, it must move seamlessly across institutions, markets and jurisdictions while retaining par-value integrity and regulatory confidence. AB Xelerate's solid experience in banking innovation makes them an ideal partner as we build infrastructure designed for global adoption and support the next generation of regulated digital finance."
AB Xelerate and Ubyx cite cross-border financial flows linking the Middle East with global markets as a key area of focus, with the partnership aimed at enabling those flows using regulated digital money infrastructure designed to support international trade, liquidity management and settlement within supervisory and compliance frameworks.
Arab Bank was established in 1930 and is headquartered in Amman, Jordan. The bank operates a network of over 600 branches and maintains a presence in international financial centres including London, Dubai, Singapore, Shanghai, Geneva, Paris, Sydney and Manama.
AB Xelerate operates a corporate venture capital model, identifying strategic alignment between Arab Bank's internal operations and emerging technologies and startups across the MENA region. The accelerator focuses on joint ventures, integrations and strategic partnerships relevant to the bank's internal innovation needs.
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