Tokenised GBP token
Overview
Tokenised GBP (tGBP) is a stablecoin pegged to the British Pound Sterling, issued by BCP Technologies, an FCA-registered UK cryptoasset firm. It is an ERC-20 token on Ethereum, backed 1:1 by cash and short-dated UK government securities held in segregated accounts. tGBP is used for trading, payments, and as a unit of account in decentralized finance applications.
Within the DeFi Intel graph, Tokenised GBP connects to tracked entities including Ethereum, BCP Technologies, and GBP cash deposits.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 3 of 3 total).
| Relation | Connected entity | Confidence |
|---|---|---|
deployed_on | Ethereum | 95% |
issued_by | BCP Technologies | 95% |
backed_by | GBP Cash Deposits | 90% |
Frequently asked questions
What is Tokenised GBP?
Tokenised GBP (tGBP) is a GBP-pegged stablecoin issued by BCP Technologies, an FCA-registered UK cryptoasset firm. It is an ERC-20 token on Ethereum that maintains a 1:1 peg to GBP, backed by cash and short-dated UK government securities.
How does tGBP maintain its peg?
tGBP maintains its peg through fiat reserves held by the issuer and market arbitrage mechanisms. Token holders can redeem tGBP for the equivalent amount of GBP on demand.
Where can tGBP be used?
tGBP can be used on decentralized exchanges, lending platforms, and payment systems that support Ethereum-based tokens, enabling exposure to GBP in DeFi and crypto trading.
What is Tokenised GBP connected to?
In the DeFi Intel knowledge graph, Tokenised GBP is linked to tracked entities including Ethereum, BCP Technologies, and GBP cash deposits.
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