Barclays is reportedly developing a new blockchain platform for payments and other banking services. The U.K. bank is consulting with technology providers, positioning itself to compete with financial giants like JPMorgan and HSBC that are already leveraging decentralized technology. Barclays' plans may include stablecoins and tokenization, following industry trends towards greater transparency and efficiency in financial processes through distributed ledger technology. The bank has not yet commented on the specifics of its initiative.
In parallel, real estate investor Grant Cardone plans to tokenize his firm's $5 billion portfolio, signaling growing interest in blockchain applications across diverse sectors.