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tGBP is designed for various applications including retail self-custody, cross-border payments, institutional use, and DeFi integration.
BCP Technologies officially launched its pound-backed stablecoin tGBP on its BCP Markets platform following FCA approval
CEO Benoit Marzouk stated that BCP intends to back tGBP with UK government bonds in the future in accordance with FCA guidance.
Financial institutions can use tGBP as collateral in crypto-native lending and for settling tokenized asset transactions.
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

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