Potential Benefits for Users
- Access to Real World Assets (RWAs) denominated in GBP, like tokenised bonds.
- Enhanced processes with programmable money and self-executing transactions.
- Continuous 24/7 cash flows.
Each tGBP token is fully backed by segregated reserves held at a UK-regulated financial institution. These tokens can be redeemed for sterling on-demand, ensuring liquidity and security.
Until recently, GBP stablecoins were limited, often issued by offshore entities with lower market liquidity compared to the US market. By combining reliable UK financial infrastructure with blockchain technology’s flexibility and speed, tGBP provides a unique solution. The token was live-tested on Ethereum for over a year and has undergone an independent audit.
Currently, tGBP supports various use cases, including GBP self-custody for retail and corporate clients, cross-border payments, institutional collateral management, integration into DeFi lending protocols as a GBP option, and on-chain access to GBP in bitcoin-backed loans.
Latest Updates from the FCA
In April 2025, the FCA announced plans to introduce a live AI testing service. This initiative aims to support companies launching safe and responsible AI models. The new service complements the existing FCA AI Lab, which has assisted firms in developing and deploying AI technologies. By offering this testing platform, the regulator can help bridge the gap in AI adoption, ensuring that products are ready for market use while providing valuable insights into AI’s impact on UK financial markets.