Digital currency platform Wirex introduces tGBP (regulated tokenised British Pound), making it accessible to its user base of 6 million people.

Digital currency platform Wirex introduces tGBP (regulated tokenised British Pound), making it accessible to its user base of 6 million people.

Wirex Partners with Tokenised GBP to Introduce Regulated Tokenised British Pounds

Wirex, a global leader in Web3 payments and digital finance, has announced a partnership with Tokenised GBP to bring regulated, tokenised British Pounds (tGBP) to its platform. This integration aims to create powerful new rails for compliant, programmable GBP on-chain, enhancing the ability for users to hold, spend, and transact with GBP as a stable digital asset.

With this partnership, tGBP is now natively supported on Wirex's proprietary blockchain, WirexPayChain, ensuring efficient and low-cost settlements. This addition to Wirex’s suite of supported currencies allows over six million users across 130+ countries to access and transact with tGBP seamlessly.

Regulated and Secure Tokenised Assets

The integration of tGBP brings a regulated stablecoin pegged to the British Pound, aligning with Wirex’s mission of making digital money accessible for everyday transactions. It expands Wirex’s position as a digital payment platform offering users regulated and secure tokenised assets alongside cryptocurrency and traditional fiat currencies.

tGBP is issued by a UK-based, FCA-registered cryptoasset firm, ensuring the trust and compliance of traditional finance. It is a fully backed, on-chain representation of the British Pound Sterling, providing the stability and reliability expected of traditional GBP.

Spending, Exchange, and Transfers in a Stable Digital GBP Token

With the integration, users can now enjoy seamless spending, exchange, and transfers in a stable digital GBP token. tGBP will be available as a funding and payout method across Wirex Pay's non-custodial business infrastructure, which includes stablecoin-backed current accounts, corporate banking services, and Web3 BaaS offerings.

Moreover, Wirex now supports native minting and redemption of tGBP for instant and transparent GBP to tGBP conversions. This feature, combined with the card programme that enables consumers and businesses worldwide to use tGBP-linked cards powered by Wirex Pay’s infrastructure, further enhances the usability of tGBP within the Wirex ecosystem.

Merging Traditional Finance with Web3

Benoit Marzouk, CEO of Tokenised GBP, expressed excitement about the partnership with Wirex, stating that it merges the trust and compliance of traditional finance with the programmability and accessibility of Web3. Daniel Rowlands, General Manager at Wirex Pay, also expressed support for the partnership, expressing his belief that it will help build regulated, real-world-ready infrastructure for digital money.

The partnership between Wirex and Tokenised GBP marks a significant step towards bringing regulated, transparent, and practical stablecoin infrastructure to businesses and consumers. Later this year, tGBP will be natively supported on WirexPayChain, Wirex’s proprietary zk-powered Layer 2 blockchain, further enhancing its efficiency and reducing costs for stablecoin settlements.

tGBP is currently available via TokenisedGBP.com. The partners are also exploring the launch of a fully branded card programme, which will further increase the usability and adoption of tGBP within the Wirex ecosystem.

1. Wirex's proprietary blockchain, WirexPayChain, now supports the regulated and secure tGBP, ensuring efficient and low-cost settlements for the stable digital GBP token.
2. Users can now spend, exchange, and transfer the tGBP seamlessly, with this stablecoin available as a funding and payout method across Wirex Pay's non-custodial business infrastructure.

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