BCP Technologies — issuer of Tokenised GBP (tGBP), the pound sterling-pegged stablecoin — has reached a distribution agreement with Archax, a UK and EU-regulated digital asset platform, for access to tokenised real-world assets (RWAs).
The terms of the new agreement mean that holders of the stablecoin will gain the ability to purchase the full scope of tokenised RWAs on the Archax platform.
Products available include tokenised money market funds (MMFs) from Aberdeen, BlackRock, BNY, Federated Hermes, Fidelity, L&G, and State Street.
Other tokenised RWAs are also available, including Archax’s perpetual Treasury product, GOVY — a tokenised Treasury bill — and further equity, bond, and fund issuances.
Commenting on the agreement, Nick Donovan, chief revenue officer at Archax, says: “We are excited to be working with tGBP and to allow existing tGBP holders to access our full range of tokenised RWAs, enabling our professional and institutional clients to buy and sell our tokenised assets onchain using tGBP.
“In addition, our OTC desk will provide on and off-ramping between tGBP and fiat GBP.”
Benoit Marzouk, CEO at Tokenised GBP, adds: “We have been following Archax for many years and have been impressed by their ability to innovate and bring tokenised assets to market, from equities and MMFs to, most recently, bonds.”
RWA.xyz, a tokenised real-world assets data and analytics platform, says tGBP is among the five largest non-USD stablecoins by market capitalisation, and is available on the Ethereum, Solana, Base, Polygon, BNB Chain, Avalanche, Gnosis, and Arbitrum blockchains.
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