03 June 2025 – BCP Technologies issues and distributes Tokenised GBP (tGBP), the first live GBP-denominated stablecoin issuer
London, June 3rd 2025 – The first GBP stablecoin from a regulated issuer, launched following a 14 month review including one month participation in the FCA regulatory Sandbox. Tokenised GBP (tGBP) offers both individuals and institutions a secure way to move sterling on-chain, supported by multiple wallet options.
This move comes as the UK’s Financial Conduct Authority opens a public consultation on stablecoin and crypto custody rules on the 28th of May.
tGBP is traded on BCP.Markets providing direct access to a GBP-pegged stablecoin. Each tGBP token is backed 1:1 by reserves held in a segregated account at a UK-regulated financial institution and is fully redeemable for sterling at any time.
Until now, GBP stablecoin options have been limited, typically issued by offshore entities with low liquidity, especially compared to dominant US dollar stablecoins. tGBP uses the reliability of U.K. financial infrastructure for the minting and redeeming process and has the flexibility and speed of blockchain technology.
Benoit Marzouk, CEO of BCP Technologies, commented: “Stablecoins enable open, instant, and frictionless transfers, free from volatility. Our vision is to abstract the complexity of blockchain with the familiarity of a GBP denomination, ultimately replacing GBP e-money with our GBP stablecoin”.
The tGBP smart contract, live and tested on Ethereum for over a year, has been independently audited.
Marzouk added: “tGBP supports a broad range of use cases: GBP self-custody for retail and corporates to bring an alternative from banks (and their inherent fractional reserve risk), cross-border payments, institutional collateral management, a GBP option for DeFi lending protocols and a GBP on-chain access for bitcoin-backed loans. It might also be used in the future as the main GBP rail for settling tokenised assets like bonds, securities, or real estate”.
2025 has marked significant progress in stablecoin infrastructure, with firms like Circle and Stripe-acquired Bridge enabling payment orchestration and cross-border payments using stablecoins as on-chain medium of exchange engines to accelerate real-time international transfers.
“Stablecoins like tGBP not only speed up settlements by removing intermediaries, but also unlock powerful features such as programmable payments and automated pay-outs” Marzouk said.
With the digital asset market evolving fast, Marzouk sees foreign exchange trading moving on-chain, making UK regulation critical. He also expects the rise of Bitcoin treasury strategies to drive further stablecoin adoption.
BCP Technologies’ participation in the FCA’s Regulated Sandbox has provided valuable regulatory engagement and deployment insights. The company has been committed to ongoing transparency through independent reserve audits and robust compliance processes. BCP sees its GBP stablecoin tGBP as a foundational element of the UK’s future digital financial infrastructure.
Learn more at: TokenisedGBP.com
About BCP Technologies:
BCP Technologies Ltd is an FCA-registered cryptoasset firm advancing digital asset access and blockchain-based finance. Founded to democratise Bitcoin access in 2017, BCP has been an exchange among the first firms to be registered with the FCA in 2021. Through its regulated platforms —BitcoinPoint.com and BCP.Markets— BCP offers secure crypto trading, wallets, custody, yield products, and access to a range of stablecoins for both retail and institutional users. The company is focused on innovations that connect digital assets with mainstream finance from cross-border payments to institutional settlement. BCP’s aim is to support the integration of tokenised assets and blockchain infrastructure into the global economy, helping the UK stay at the forefront of innovation.
