The bank's DerivHack event will attempt to suss out which of the major enterprise DLT platforms works best for derivatives life cycle smart contracts.
Announced Monday, LedgerConnect is the offspring of bank-owned currency trading utility CLS and enterprise software giant IBM.
Barclays Bank proposed using blockchain to make various banking processes more efficient in a pair of patent applications.
The CEO of U.K.'s banking giant Barclays has shot down the rumor that the bank is planning to launch its own cryptocurrency trading desk.
U.K.-based bank Barclays is pushing hard for a data standard for derivatives, as a foundation for that market to adopt distributed ledger technology.
A person with knowledge of the situation said all major banks are likely to be weighing the same decision.
Barclays has become the latest major financial institution to join the foreign exchange-focused blockchain consortium CLS.
Both new and founding members of the Utility Settlement Coin project think its work could lead central banks to adopt blockchain-based fiat currency.
UK banking giant Barclays is reportedly helping to educate regulators on blockchain and cryptocurrencies.
Was Barclays the leading bank when it came to blockchain in 2016? CoinDesk's Bailey Reutzel explores perception and reality.