Share this article
Bitcoin Firm Signs Compliance Deal With Banking Giant Barclays
UK banking giant Barclays has signed contracts with two blockchain startups, according to the New York Business Journal.
By Pete Rizzo
Updated Sep 11, 2021, 11:56 a.m. Published Oct 13, 2015, 9:42 p.m.
UK banking giant Barclays signed contracts with eight graduates of its New York-based FinTech accelerator program today, two of which will partner with the company on applications using blockchain technology.
Co-hosted by TechStars, the 11 startups graduating the 13-week program included bitcoin compliance firm Chainalysis and accounting startup Wave, which will embark on the initiatives.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Speaking to New York Business Journal, Barclays chief design and innovation officer Derek White called the deals with Chainalysis and Wave a "game-changer" for the bank.
Barclays indicated it would partner with Chainalysis to allow its financial crime and transaction monitoring teams to obtain the necessary information to transact with bitcoin companies.
Chainalysis co-founder Jonathan Levin said this would position Barclays as one of the first mainstream financial institutions to provide services to bitcoin firms, many of whom struggle with access to basic banking.
Levin told CoinDesk:
"This is the first time a top-tier bank has integrated a compliance solution that would enable them to bank bitcoin and blockchain companies."
Wave, in turn, is working with Barclays' Corporate Bank on a project that finds it using its solution for titles during shipping processes.
As part of the program, Barclays provides non-monetary support to startups, while startup incubator TechStars takes 6% equity in each member of its cohort.
The announcement follows the news that Barclays would collaborate on a bitcoin proof of concept with bitcoin services provider Safello, a graduate of its London-based accelerator. The trial was later revealed as a means to help charities accept bitcoin as a form of payment.
Compliance visualization via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Strategy’s STRD credit spread has tightened over past month even as bitcoin struggles
The narrowing spread between yields on STRD and the 10-year U.S. Treasury could signal boosted demand for the preferred stock.
What to know:
- STRD’s credit spread versus the U.S. 10-year Treasury narrowed to a new low on Friday.
- Strategy sold $82.2 million of STRD through its ATM program in the week ended Dec. 14, the largest weekly issuance since launch.
- Historical ATM data shows STRD has recently dominated preferred issuance among Strategy’s offerings.
Top Stories
