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UK-Regulated Crypto Firm BCP Technologies Unveils GBP Stablecoin

  • BCP Technologies, a UK FCA-registered crypto firm, launched Tokenised GBP , the first British pound-backed stablecoin, on June 3, 2025.
  • This launch followed a 14-month regulatory engagement and FCA sandbox testing amid a market with limited GBP stablecoins and ongoing FCA stablecoin consultations.
  • TGBP operates as a fully collateralised 1:1 ERC-20 token on Ethereum, backed by cash held in segregated UK-regulated accounts, targeting retail, institutional, and DeFi use cases.
  • BCP CEO Benoit Marzouk said their vision is to replace GBP e-money with tGBP and highlighted plans to expand backing to UK government bonds aligning with FCA proposals.
  • The launch marks a regulatory milestone for the UK’s crypto market, illustrating how innovation and compliance can shape a robust digital pound ecosystem.
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Cointelegraph broke the news in on Tuesday, June 3, 2025.
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