what's tGBP?
tGBP is a stablecoin issued by BCP Technologies, a UK-based FCA-registered cryptoasset firm, pegged 1:1 to the British Pound Sterling. Operating as an ERC-20 token on the Ethereum blockchain, it is fully backed by GBP reserves held in segregated accounts at a UK-regulated financial institution, ensuring full redeemability for fiat GBP at any time. The token's smart contracts have undergone independent audits and live testing, emphasizing transparency and interoperability within DeFi ecosystems. Designed to bridge traditional finance and blockchain, tGBP targets applications such as cross-border payments, institutional collateral management, and tokenized asset settlements. Its launch followed a 14-month regulatory process, including participation in the FCA's Regulatory Sandbox, positioning it as a proof-of-concept for emerging UK stablecoin regulations. Available initially on BCP Markets, it aims to expand to major exchanges while maintaining compliance with evolving FCA guidelines.
tGBP launches Kraken earning program: 2-4% APY, no lockups, full tradability.
Earning program goes live on Kraken with 2% APY by default and 3.75% APY for Kraken+ subscribers (4% APY promotional rate for limited time), with no lockups and full tradability.
The stablecoin integrates Zama Protocol and features in Zama's Ecosystem Builder Demo program.
Major exchanges plan to list the stablecoin in coming weeks, entering an untapped GBP stablecoin market with less than $500K total market cap.
FCA-registered BCP's British pound-backed stablecoin, a UK regulatory test case, added to Loopscale's markets, enabling British pound trading pairs.