TechFlow news, June 3 — According to Cointelegraph, BCP Technologies, a cryptocurrency firm registered with the UK Financial Conduct Authority (FCA), announced on June 3 the launch of its pound-pegged stablecoin tGBP, following a 14-month review in the FCA's regulatory sandbox. Issued as an ERC-20 token, tGBP is fully backed 1:1 by cash held in segregated bank accounts and plans to link to short-term UK government bonds in the future.
Benoit Marzouk, CEO of BCP Technologies, said tGBP could be seen as a "live proof of concept for the FCA’s future stablecoin regulation." Target use cases include cross-border payments, institutional collateral management, and DeFi lending, positioning tGBP as a primary pound-denominated channel for settling tokenized assets.
