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UK-Regulated Crypto Firm BCP Technologies Unveils GBP Stablecoin

  • On June 3, 2025, UK-based crypto company BCP Technologies introduced Tokenised GBP , a British pound-backed stablecoin that is formally recognized and registered with the Financial Conduct Authority.
  • The launch follows a 14-month FCA regulatory sandbox review and engagement amid limited availability and adoption of pound stablecoins in the UK market.
  • TGBP operates as an ERC-20 token on Ethereum, backed 1:1 by cash reserves held in a segregated UK-regulated account, and targets retail, institutional, and DeFi use cases.
  • BCP CEO Benoit Marzouk highlighted that stablecoins facilitate seamless, rapid, and smooth transactions without exposure to price fluctuations, and he noted that tGBP could act as a practical example for upcoming FCA stablecoin regulations.
  • The launch marks a significant advancement for regulated blockchain finance in the UK, with BCP committed to participating in ongoing FCA consultations on stablecoin regulations and planning to broaden its reserve assets to include government bonds.
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Cointelegraph broke the news in on Tuesday, June 3, 2025.
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