Digital currency platform Wirex incorporates tGBP, offering regulated tokenized British Pounds to its 6 million user base.
In a significant move for the digital currency landscape, Wirex, a leading digital money platform, has integrated tGBP, a fully-backed, on-chain representation of the British Pound Sterling, into its platform. This development is set to make a regulated, fiat-pegged digital pound accessible to over 6 million users in 130+ countries, with the availability as a payment method slated for early August 2025.
The issuer of tGBP is a UK-based, FCA-registered cryptoasset firm, ensuring it operates under rigorous operational and regulatory oversight. This regulatory compliance is a key factor in the trust and compliance of traditional finance being merged with the programmability and accessibility of Web3, as tGBP aims to do.
Benoit Marzouk, CEO of Tokenised GBP, expressed his excitement about partnering with Wirex to make tGBP accessible worldwide. He noted that this collaboration would bring significant benefits to users seeking a stable and regulated digital currency option.
Wirex's integration of tGBP is scheduled for August 7, 2025. This move follows the announcement that tGBP would be available as a payment method via Wirex Pay. This integration will enable users to access and transact with tGBP, a digital representation of the British Pound Sterling, seamlessly and securely.
TGBP is backed 1:1 by GBP reserves held by authorised custodians, ensuring its stability and value parity with the British Pound Sterling. Users can obtain tGBP via TokenisedGBP.com, further enhancing its accessibility.
This integration marks a significant step forward in the adoption of stablecoins and the digitalisation of traditional currencies. It underscores Wirex's commitment to providing its users with a diverse range of digital assets and payment methods, while maintaining the highest levels of regulatory compliance and security.
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