poundtoken $GBPT

Introducing poundtoken (Ticker: GBPT), a GBP-pegged stablecoin brought into existence by Blackfridge SC Limited. Known for its unique characteristics, poundtoken has set a new paradigm in the world of stablecoins, standing as the first British-regulated stablecoin under the Isle of Man Financial Services Authority (IOM FSA).

About poundtoken

poundtoken stands as a symbol of reliability and trust within the volatile crypto space. It backs every token with a pound sterling held in safeguarded segregated accounts with a European bank, ensuring users of its full value. The 100% fiat reserve backing of poundtoken is regularly audited by KPMG, heightening its transparency and credibility.

Regulation and Compliance

As the first British-regulated stablecoin, poundtoken operates under the strict regulations of the Isle of Man Financial Services Authority (IOM FSA). This regulatory framework enhances the trust and confidence of investors and users as it ensures poundtoken's strict adherence to laws, regulations, and operational standards.

Redeemability of poundtoken

Presenting a seamless user experience, poundtoken holders can redeem their GBPT at any given time for GBP directly with the issuer. This flexibility of redemption further enhances poundtoken's usability and value in the market.

The Role of KPMG

KPMG, one of the world's largest auditing firms, plays a crucial role in maintaining poundtoken's transparency and credibility. Appointed to provide monthly proof of reserve attestations and annual financial audits, KPMG ensures that poundtoken's claims of 100% fiat reserve backing are accurate and reliable.