As the digital asset landscape continues to mature, stablecoins are evolving far beyond simple US dollar pegs. In an exciting move to expand global financial options for Filipinos, Coins.ph has officially listed Tokenised GBP ($TGBP)—a premier stablecoin pegged 1:1 to the British Pound Sterling.
This educational guide will explore what $TGBP is, how it bridges traditional British fiat currency with blockchain efficiency, and how you can leverage it to hedge against market volatility, diversify your portfolio, or move value seamlessly right from your Coins app.
History of TGBP
The issuer of ($TGBP) , BCP Technologies, started as a retail crypto exchange in the UK in 2018 and was one of the first to register with the FCA under the MLRs in 2021. In 2023, BCP applied to issue a GBP stablecoin and was non-objected after successfully completing the FCA's regulatory sandbox in 2025.
What is the project goal of $TGBP?
$TGBP maintains a 1:1 peg to the British Pound Sterling through a robust, transparent backing mechanism designed for stability, redeemability, and regulatory compliance. $TGBP is fully collateralised by fiat, money market funds and short term zero coupon bonds issued by HM Treasury. $TGBP facilitates on-chain sterling payments, programmable transactions, and exposure to GBP-linked Real World Assets (RWAs) like tokenised bonds.
What is $TGBP? What are its use cases?
Cross-border payments (trade & remittance) $TGBP enables 24/7 global GBP transfers that settle in seconds rather than days, bypassing correspondent banking rails. Counterparties transact directly in sterling, avoiding the FX costs of routing through USD-pegged stablecoins, meaning lower fees, faster settlement, and reduced FX exposure for UK-linked trade and remittance flows.
On-chain collateral Fully reserve-backed and redeemable 1:1, $tGBP serves as high-quality sterling collateral across DeFi lending, derivatives, and tokenised RWA structures.
What sets apart from other Web3 projects?
As of 26th May 2026, $TGBP is the only pound stablecoin issued by an FCA-registered entity and have successfully gone through the FCA's regulatory sandbox
What can we expect from this 2026 and the upcoming years?
Deeper DeFi integration Expanding $TGBP's footprint across major lending, DEX, and derivatives protocols, including the ability to borrow tGBP against BTC, ETH, and other tokenised assets as collateral. This gives users a way to access sterling liquidity on-chain without selling their crypto holdings.
Broader TradFi connectivity Integrating $TGBP with more payment providers, banks, and financial institutions to enable seamless 1:1 on/off-ramps. The goal is to make moving between traditional sterling rails and on-chain $TGBP as frictionless as a standard bank transfer, positioning $tGBP as core infrastructure for GBP settlement across both worlds.