Wirex Adds Regulated British Pound Stablecoin tGBP For 6 Million Global Users

Digital payments and WEb3 platform Wirex has integrated tGBP - a fully backed, on-chain representation of the British Pound Sterling - into its platform, enabling over six million users across 130+ countries to access and transact with the regulated digital currency.

The listing of tGBP in the Wirex consumer app forms part of a broader partnership that includes infrastructure integration across Wirex Pay, the company's enterprise-grade non-custodial stablecoin and banking platform.

tGBP is issued by a firm registered with the UK Financial Conduct Authority (FCA) and is backed 1:1 by GBP reserves held by authorised custodians under regulatory oversight. The stablecoin combines traditional finance compliance with Web3 programmability and is available via TokenisedGBP.com.

Benoit Marzouk, CEO, Tokenised GBP

"We're excited to partner with Wirex to make tGBP easily accessible to millions of users worldwide," said Benoit Marzouk, Chief Executive Officer of Tokenised GBP. "This integration not only expands the global utility of tGBP, but also accelerates our mission to bring regulated, transparent and practical stablecoin infrastructure to businesses and consumers."

The integration introduces direct mint and redeem functionality, enabling instant conversions between GBP and its tokenised counterpart for both users and businesses. tGBP will also be available as a funding and payout method across Wirex Pay's non-custodial business infrastructure, including stablecoin-backed current accounts, corporate banking services and Web3 Banking-as-a-Service offerings.

"This partnership with Tokenised GBP reinforces our vision to build regulated, real-world-ready infrastructure for digital money," said Daniel Rowlands, General Manager at Wirex Pay. "By integrating tGBP across both our custodial and non-custodial platforms, we are creating powerful new rails for compliant, programmable GBP on-chain."

Later this year, tGBP will be natively supported on WirexPayChain, Wirex's proprietary zero-knowledge powered Layer 2 blockchain designed for efficient, low-cost stablecoin settlements. The companies are also exploring the launch of a fully branded card programme, enabling consumers and businesses worldwide to use tGBP-linked cards powered by Wirex Pay's infrastructure.

Wirex Pay operates as a stablecoin payment platform built on Zero Knowledge technology, delivering what it describes as unmatched privacy, scalability and efficiency. The platform can issue non-custodial Visa cards, enabling users to spend stablecoins at over 80 million merchants in 200+ countries wherever Visa is accepted.