Launched in August 2025 by a UK-based firm, Tokenised GBP (tGBP) is a fiat-backed stablecoin designed to bring the reliability and liquidity of the British Pound Sterling onto public blockchains. Issued by BCP Technologies Ltd, an FCA-registered entity, tGBP enables GBP-denominated transactions, settlements, and DeFi participation with institutional-grade transparency and compliance.

Each tGBP token is fully backed by cash and short term UK government bonds. The project aims to provide a compliant, transparent, and efficient medium for on-chain GBP liquidity—serving as a foundation for real world assets, payments, and decentralized finance use cases.

tGBP operates on multiple blockchain networks including Ethereum, Base, Avalanche, BNB Chain, Polygon, and Solana, ensuring interoperability and low-cost transfers. The stablecoin leverages the LayerZero OFT (Omnichain Fungible Token) standard, allowing seamless movement across supported chains without the need for wrapped tokens.

tGBP is listed on Coinbase and Kraken with 1:1 trading between GBP. tGBP surpassed $30m in TVL in April 2026, making it a top 5 non-USD stablecoin

Tokenised GBP serves as the cornerstone of BCP’s mission to modernize financial infrastructure through trusted, compliant, and programmable GBP liquidity on-chain.