Digital Sterling
for Commerce
Transparent, cross-border finance
eGBP supports all major cryptocurrency exchanges, including decentralized exchanges.
eGBP Foundation
eGBP Foundation is focused on developing a stablecoin tied to the British pound, aiming to create a cross-chain, easily accessible, and rewarding digital asset. Our efforts involve extensive research into stablecoins and business models to complement such an asset, with a focus on understanding the potential role of a sterling-based asset. The foundation emphasizes the importance of technology driven by thorough research.
Digital Pound Foundation Announcement
We are delighted to announce that we have been accepted as a member of the Digital Pound Foundation (DPF). This membership is a pivotal moment for our company and reinforces our commitment to the future of digital money in the UK.
A Commitment to the Digital Future 🚀
The UK is at a critical juncture in the evolution of its financial landscape, with the Bank of England and HM Treasury exploring the potential for a digital pound. The DPF is at the forefront of this national conversation, bringing together a diverse ecosystem of private sector firms, academic institutions, and policymakers. This collaboration is essential to ensuring that any new form of digital money is not only innovative but also safe, inclusive, and resilient. Our new membership with the DPF allows us to contribute directly to this vital work.
We believe a well-designed digital pound holds immense promise. It can foster a more efficient and frictionless payments system, support greater financial inclusion, and stimulate innovation across the UK economy. Our own stablecoin, which is pegged to the British pound and backed by reserves on a 1:1 basis, is a testament to this belief. It is a powerful tool for maintaining the UK’s position as a global leader in finance and technology.
Our Role and Contributions 🤝
As a partner, eGBP Digital Sterling Limited will actively engage in the DPF’s various working groups and projects. Our expertise in developing and managing a British pound-backed stablecoin will be instrumental in exploring key areas such as:
Technology and Innovation: We will contribute to the technical design and testing of a digital pound, helping to build a robust and interoperable infrastructure.
Use Cases and Payments: We will work with other partners to identify and develop compelling real-world use cases for digital sterling, from simple person-to-person payments to complex business transactions and programmable money applications.
Privacy and Security: We are committed to ensuring that a digital pound upholds the highest standards of privacy and security, balancing user confidentiality with the need to prevent financial crime.
By collaborating with other leading organizations, we will help to shape the policy, legal, and regulatory frameworks that will underpin the digital money ecosystem. This is a unique opportunity to provide constructive input and ensure that the voice of the private sector is heard in this crucial national project.
A Shared Vision for a Better Economy ✨
Joining the Digital Pound Foundation is more than just a collaboration; it’s an alignment of purpose. Our mission at eGBP Digital Sterling Limited has always been to drive the responsible development and adoption of digital sterling, empowering individuals and businesses with a more secure, efficient, and innovative way to transact. Our commitment to creating a stablecoin that is fully backed by reserves ensures trust and stability.
This membership strengthens our ability to achieve that mission. We look forward to working alongside the DPF and its members to create a diverse and competitive digital money ecosystem that benefits all of the UK, while also contributing to the global dialogue on the future of money.
One step at a time
Today, the eGBP team convened with industry leaders to discuss the strategic and technical direction for developing the UK’s premier stablecoin. The
Built in the U.K.
UK Regulated Fiat-Backed Stablecoin – eGBP
- Backed by low-risk, liquid, secure instruments
and cash deposits – to protect users. - Backing assets held in trust – for the benefit of
users. - eGBP redemption for fiat at par, by end of
next UK business day. - No yield paid to users from backing assets
Yield Generation Product – Staked eGBP
- An ecosystem product built using eGBP.
- Users deposit eGBP and receive staked eGBP,
which represents their deposit. - Product exchanges eGBP for crypto to generate
yield using a funding fee arbitrage strategy. - Yield paid to users.
- Staked eGBP redeemable for eGBP
Automated Yielding
eGBP will offer optional yielding packages to earn a residual yield of between 7% and 10% on Ethereum futures. Read more about this ambitious addition to the eGBP product ecosystem here.
Driven Team
Developed by an enthusiastic and talented team of developers and entrepreneurs, passionately driven to deliver a standardised digital pound for worldwide use.
Fast Borderless Payments
A key reason to adopt eGBP as your store of monetary value is the speed in which you can send and receive funds anywhere in the world.
Multi-chain interoperability
Our roadmap includes steps to integrate with other blockchains such as Ethereum, Tron and Cardano.
Backed 1:1 by British pounds
Strictly adhering to a 1:1 issuance policy for new eGBP tokens, the amount of tokens in circulation will precisely match the total amount sold 1:1.
Events
eGBP Foundation will be attending many upcoming blockchain conferences and events to build new partnerships and grow our network and team.
5: What Makes eGBP Different?
Our whole ethos at eGBP Foundation, is to bring modern banking to as many people as possible. We want to enable safe, swift financial transactions for everyone, not just the technically minded or younger generations.
4: Actively Seeking Investment
eGBP Digital Sterling Limited is currently seeking investment from various different sources. As we are now ready to build out our ecosystem
As eGBP development progresses we will share frequent updates.
TRANSPARENCY COMMITMENT
By developing a verifiable 1:1 stablecoin asset, we need to be transparent. We will publish monthly eGBP sales reports and issuance data as part of our commitment to transparency.
Verifiable
We believe only a verifiable, true 1:1 based asset can be a reliable store of value pegged to a fiat currency. If a stablecoin cannot to be seen as transparent, then its purpose is less valid. eGBP will be 100% 1:1 ratio. New tokens can only be issued in exchange for fiat. Our efforts to be completely transparent will be accessible via several public channels.
Investors
News about funding rounds and investment procedures
Institutions
Financial institutions can can work with eGBP
Exchanges
Trade and stake eGBP on popular exchanges
De-Fi
eGBP Foundation will offer a range of financial services