Barclays Considers Blockchain Platform for Payments, Deposits

Barclays Plc is sounding out technology providers on creating a blockchain platform for handling processes like payments, joining global rivals like JPMorgan Chase & Co. in exploring the use of digital-asset technology for various banking services.

The UK-based lender has sent a request for information to some potential technology suppliers as it evaluates how to build out new offerings, said people familiar with the matter who asked not to be named as the deliberations are private.

Barclays’s push into blockchain technology could include payments applications like stablecoins and tokenized deposits, the people said. The bank aims to select providers as ...