TechFlow News, February 12: According to CoinDesk, stablecoin issuer Agant has secured registration with the UK’s Financial Conduct Authority (FCA) for cryptoasset business activities, paving the way for its upcoming British pound-pegged stablecoin, GBPA.
This registration, granted under the UK’s anti-money laundering regulations, enables Agant to issue GBPA—a stablecoin fully backed by British pounds and pegged 1:1 to GBP—primarily targeting institutional users.
Andrew MacKenzie, CEO of Agant, stated that a well-designed GBP stablecoin provides a solid foundation for innovation in UK payments, settlements, and tokenized assets. The company is collaborating closely with regulators, financial institutions, and global partners to build its platform. GBPA will enter the GBP stablecoin market, which already includes products such as Tokenised GBP (TGBP), currently valued at approximately $4.9 million.
