The launch on 3 June 2025 follows a testing period within the Financial Conduct Authority’s (FCA) Regulated Sandbox.

This move comes as the FCA opened a public consultation on stablecoin and crypto custody rules on the 28 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 combines the reliability of UK financial infrastructure with the flexibility and speed of blockchain technology.

Benoit Marzouk, CEO of BCP Technologies, said: “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.

Mr 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.

Mr Marzouk said: “Stablecoins like tGBP not only speed up settlements by removing intermediaries, but also unlock powerful features such as programmable payments and automated pay-outs.”

With the digital asset market evolving fast, Mr 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.