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HomeCOINSWhat Is Poundtoken (GBPT)? Complete Guide & Review About...

What Is Poundtoken (GBPT)? Complete Guide & Review About Poundtoken

What Is Poundtoken (GBPT)?

Poundtoken (Ticker: GBPT) is a GBP-pegged stablecoin issued by Blackfridge SC Limited. ts issuer are regulated by the Isle of Man Financial Services Authority (IOM FSA), making the first regulated stablecoin in the British Isles. They holds 100% fiat reserves in safeguarded segregated accounts with a European bank. KPMG is appointed to provide monthly proof of reserve attestations and annual financial audits.

Meta Apes Storage Key Points

Coin BasicInformation
Coin NamePoundtoken
Short NameGBPT
Max Supply2,452,619
Circulating Supply2,452,619.08 GBPT
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Big 4 Audited.

Poundtoken.io is the sole issuer of GBPT and is audited monthly by KPMG.

Monthly assurance reports give holders of GBPT the peace of mind that their GBPT maintains its stable value.

Designed for stability, GBPT is 100% backed by GBP held in GBP-denominated bank accounts so that it’s always redeemable 1:1 for pounds sterling.

Mission

To be the GBP stablecoin of choice allowing 24/7 real-time settlements. To be the first British-Isles regulated 100% backed GBP stablecoin with proof of reserve and monthly attestations from a top-4 accountancy firm.

British Isles Regulated.

Poundtoken Coin holds a Money Transmission Services Licence issued by the Isle of Man Financial Services Authority.

Consumer protection is one of the Isle of Man Financial Services Authority’s three regulatory objectives.

Built for Everyone

Exchanges

Enable customers to convert GBP to GBPT to hold and trade on-chain.

Businesses

Send and receive near-instant international payments to reach new customers and achieve faster cash flow.

Institutions

Make markets, simplify international remittance and take advantage of digital asset treasury, exchanges and decentralised finance in GBPT.

Individuals

Transfer money and make payments across borders and use GBPT to leverage decentralised finance and Web3.

Issue & redeem GBPT directly

  1. Link and verify your business bank account
  2. Deposit GBP securely and receive GBPT on-chain
  3. Withdraw GBPT to your wallet

Technology

Poundtoken.io subscribes to the AWS well architected best practices (AWS Well-Architected overview) for designing and operating reliable, secure, and efficient systems in the cloud and use internal and external audits to ensure the platform adheres to the following principles.

Implement a strong identity foundation:

Implement the principle of least privilege and enforce separation of duties with appropriate authorization for each interaction with your AWS resources. They centralize identity management and eliminate reliance on long-term static credentials. The modular design allows for access to be restricted to modules of the environment reducing the ability to compromise the solution significantly. Module protection and segregation is provided by logical firewalls (Security Groups) managed by each zone

Enable traceability:

They monitor, alert, and audit actions and changes to your environment in real time and integrate log and metric collection with systems to automatically investigate and act.

Pound Token key Features

Fast

Pound token facilitates fast payments using encrypted distributed ledgers providing trusted real-time verification of transactions.

Secure

poundtoken is built on audited and verified ERC20 smart contracts – transactions are encrypted and immutable.

Global

poundtoken enables settling transactions in near real-time on a global scale reducing risk for all parties.

License

Poundtoken and poundtoken.io are business names of Blackfridge SC Limited. Blackfridge SC Limited is a company incorporated in the Isle of Man under company Number 134289C. Registered Address 55 Athol Street, Douglas IM1 1BL.

Blackfridge SC Limited is licensed and regulated by the Isle of Man Financial Services Authority to carry on Class 8 (2)(a) and (4) – Money Transmission Services as a part of the Authority’s Regulatory Sandbox. Blackfridge SC Limited is registered with the Isle of Man Information Commissioner.

Funds received by Blackfridge SC Limited do not constitute deposits as defined in the Regulated Activities Order 2011 and are not covered by the Isle of Man Depositors’ Compensation Scheme.

All funds received from customers for the issuance of e-money tokens (known as poundtoken) are safeguarded in segregated client accounts denominated in GBP (British pound sterling).

Bixer Simond
Bixer Simond
Bixer Is Long Term Writer & Editor At Woodfi . His Hobby Is Writing Article For Wootfi Visitors . His Main Focus Area Is Crypto , Affiliate , Blockchain , NEFT , ICO . In Free Time He Loves To Research New Things