ChainCatcher news, BCP Technologies is a cryptocurrency company registered in the UK, which claims to launch a pound-pegged stablecoin Tokenised GBP (tGBP) within the UK regulatory framework. Each tGBP token is backed 1:1 by reserves held in independent accounts of UK-regulated financial institutions and can be redeemed for pounds at any time.

ChainCatcher news, according to Cointelegraph, the UK-registered cryptocurrency company BCP Technologies has officially launched a pound-backed stablecoin after undergoing 14 months of scrutiny in the Financial Conduct Authority (FCA) regulatory sandbox.The company announced the launch of its pound-pegged stablecoin Tokenised GBP (tGBP) on June 3.