Fireblocks has added poundtoken (GBPT), the first stablecoin fully backed 1:1 by GBP, to its network. Secure access to poundtoken is now live on Fireblocks. Effective immediately, Fireblocks users can now store GBPT tokens in their Fireblocks Vault; securely transfer GBPT tokens on the Fireblocks Network; launch GBPT token support for retail customers and users with Fireblocks’ REST API; and use GBPT to deploy funds into Web3 markets (including DeFi and NFT exchanges and platforms).
GBPT was launched by blackfridge, the Isle of Man-based fintech company which is regulated and licensed by the Isle of Man Financial Services Authority and is required to hold GBP equal to the value of the tokens issued at all times. Earlier this year, UK-based Digivault became the first provider to offer custody support for GBPT.