Tokenised GBP Price

tGBP distinguishes itself through several key characteristics:

• UK FCA-Registered Issuer: It is the first and only British Pound-pegged stablecoin issued by a firm registered with the UK Financial Conduct Authority (BCP Technologies Ltd.).
• Robust 1:1 Backing: Every token is fully collateralised by cash, cash equivalents, and short-term zero-coupon bonds issued by HM Treasury, verified through monthly independent reserve attestations.
• Audited Infrastructure: Its smart contracts undergo regular security audits by OpenZeppelin.
• Native Multi-Chain Presence: Rather than being restricted to a single ecosystem, tGBP operates natively across eight active chains, including Ethereum, Base, Solana, Arbitrum, and Polygon.

Tokenised GBP serves multiple functional utilities across digital finance:

• On/Off-Ramp Liquidity: Provides a direct GBP-denominated route for exchanges and payment service providers facilitating moves between bank funds and crypto assets.
• DeFi and Programmable Transactions: Can be integrated into decentralised finance protocols and programmable financial applications.
• Real-World Asset (RWA) Settlement: Operates as a sterling purchasing and settlement asset for tokenised funds, government bonds (such as $GOVY), money market funds (MMFs), and real estate.
• Cross-Border Remittances: Acts as the sterling settlement layer for cross-border payment corridors, enabling international value transfer within minutes instead of days.
• Multi-Chain Liquidity: Allows users to move GBP value across multiple blockchains without rebuilding currency channels for each individual chain.

Tokenised GBP was created and issued by BCP Technologies Ltd., a crypto-asset firm registered with the UK Financial Conduct Authority (FCA).

It was created to bring the British Pound onto the blockchain, establishing a regulated, transparent, and 1:1 reserve-backed digital currency. This enables instant settlements, cross-border remittance corridors, on-chain sterling payments, and exposure to GBP-linked Real-World Assets (RWAs).

According to the official Tokenised GBP website, the token has been live since May 2025.

Tokenised GBP can be utilised in several ways:

• Minting: Eligible businesses can mint tGBP by transferring British Pounds directly from a UK bank account via Faster Payments or CHAPS to receive tokens at a 1:1 ratio on their chosen blockchain.
• Trading and Exchanges: Available for trading and liquidity on supported cryptocurrency exchanges such as Kraken, Coinbase, and Bitpanda.
• DeFi Applications: Integrated across supported smart contract networks for use in decentralised finance protocols.
• RWA and Fund Settlement: Institutional users can transact tokenised funds and bonds via platforms such as Archax.
• Global Transfers & Redemption: Transferred globally 24/7 across supported chains or redeemed back to fiat GBP at any time.

Tokenised GBP can be bought on the SwissBorg app with just a few clicks. Download the app for Android or iOS and exchange cryptos instantly at the best price.

Tokenised GBP solves several key friction points present in traditional banking and digital asset rails:

• Slow Cross-Border Transfers: Traditional cross-border settlements run through correspondent banks and take 3 to 5 business days, restricted by business hours and cut-off times. tGBP completes transfers in minutes, 24/7.
• High Intermediary Fees: Conventional rails incur costs across multiple intermediaries and foreign exchange layers; tGBP streamlines this using direct digital settlement.
• Fragmented Sterling Liquidity: tGBP addresses the lack of a compliant, regulated British Pound stablecoin across modern blockchain networks, providing frictionless GBP connectivity for exchanges, PSPs, and tokenised real-world assets.

tGBP tokens are generated through a 1:1 fiat-backed minting process:

1. Eligible businesses transfer GBP from a UK bank account using Faster Payments or CHAPS.
2. Custodied funds are held with banking partners in the UK and backed by cash, cash equivalents, or HM Treasury short-term bonds.
3. Upon receipt of fiat funds, an equivalent amount of tGBP is minted directly to the user's wallet at a strict 1:1 ratio on their selected blockchain network.