BCP Technologies’ tokenised GBP is a fully backed, British pound-pegged stablecoin, issued as an ERC-20 token on Ethereum and redeemable 1:1 for GBP

Quotes that support claims

Each tGBP token is backed 1:1 by reserves held in a segregated account at a UK-regulated financial institution and is fully redeemable for sterling at any time

TGBP is backed fully with cash held in a segregated bank account, with each token minted representing 1 British pound. The stablecoin is launched as an ERC-20 token, meaning that it is initially issued on the Ethereum blockchain.

The tGBP stablecoin is built as an ERC-20 token on the Ethereum blockchain and is backed on a 1:1 basis with British pounds held in segregated bank accounts