Tokenised GBP (tGBP), the British Pound stablecoin issuer, has signed a distribution agreement with Archax for access to tokenised real-world assets (RWAs).
Under this agreement, holders of tGBP will now be able to purchase the full range of tokenised RWAs on the Archax platform, including tokenised money-market funds.
They will also have access to Archax’s recently announced perpetual treasury product, GOVY, as well as other tokenised equity, bond and fund issuances.
Nick Donovan, chief revenue officer at Archax, comments: “GBP stablecoins are key to the success of natively digital assets in the UK market. We have closely followed tGBP’s progress since it exited the FCA Regulatory Sandbox a year ago, including its listing on Coinbase and, more recently, the launch of a vault on Morpho.
“[This agreement will] 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 on-chain 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. It was therefore natural for tGBP, the leading GBP stablecoin, to become the sterling blockchain rail supporting this growing tokenised ecosystem.”
The tGBP stablecoin is available on the Ethereum, Solana, Base, Polygon, BNB Chain, Avalanche, Gnosis and Arbitrum blockchains.
