gunnercooke advises on Tokenised GBP on tGBP, the first GBP stablecoin launched by a cryptoasset firm registered with the FCA

March 4, 2026

Tokenised GBP has issued the first GBP stablecoin launched by a cryptoasset firm registered with the FCA. tGBP has now surpassed $11 million in market capitalisation (according to Coingecko), which means that tGBP now ranks among the top 10 non-USD stablecoins worldwide by market capitalisation (since 28/02/2026). tGBP is backed 1:1 by reserves which are held in trust and is redeemable for sterling at any time.

gunnercooke assisted with the regulatory and structuring aspects of tGBP. The team was led by Financial Services & FinTech Partner James Burnie FRSA and Holly Joseph.

Benoit Marzouk, CEO and co-founder of Tokenised GBP, commented: “We are delighted to have worked with an exceptional legal team whose deep regulatory expertise and strategic foresight were instrumental in bringing tGBP, a market-leading GBP stablecoin, to life. Their ability to navigate complex FCA requirements, anticipate supervisory expectations, and translate regulatory frameworks into actionable structures gave us a clear path to launch with confidence.”

James Burnie FRSA, Partner at gunnercooke, commented: “The launch of tGBP marks a pivotal moment for UK digital finance, and is proof that regulatory clarity and innovation can coexist. Advising on its launch meant translating complex FCA expectations into a stablecoin framework that’s not just compliant, but scalable. We’re proud to have helped set the benchmark for tokenised GBP in a regulated environment”.

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