Agant’s GBPA aims to transform UK’s digital finance landscape with regulatory-first approach

In a significant development for the UK’s digital asset ecosystem, Agant is preparing to launch GBPA, a pound sterling stablecoin designed to address the growing demand for regulated digital currency solutions.

With over 6 million individuals and 32% of UK institutions already active in digital assets, GBPA emerges as a potential game-changer in the realm of on-chain financial services.

Meeting Market Demand with Regulatory Compliance

The development of GBPA stems from a clear market gap: the absence of a reliable, regulated GBP settlement asset in the digital space. According to Agant, UK participants in the digital asset market currently face unnecessary FX risk due to the lack of a native GBP stablecoin solution. Highlighting the practical origins of the project, the Agant team stated:

“The inspiration for GBPA came from the founding team seeing a personal need to settle transactions and store value on-chain in our native currency pound sterling.”

Unlike some existing stablecoin providers, Agant has adopted a compliance-first strategy, actively engaging with UK regulators. The company maintains ongoing dialogue with both the Financial Conduct Authority (FCA), with which it is preparing to submit an application, and the Bank of England.This sets Agant apart from competitors like USDT, which has notably opted out of MiCA compliance in the EU.

Robust Asset Backing and Liquidity Management

To address common stablecoin volatility concerns, GBPA implements a comprehensive backing strategy. The stablecoin will be backed 1:1 by a combination of cash and approved high-quality liquid assets (HQLA), adhering to regulatory requirements.

All client funds will be held in segregated accounts, with Agant partnering with industry-leading liquidity providers and market makers to ensure sufficient market liquidity.

Strategic Partnerships and Cross-Chain Integration

Agant’s scaling strategy involves partnerships across major blockchain ecosystems, including Solana, Avalanche, and Ethereum. The company has secured collaborations with prominent industry players such as Archax, Copper, and Fireblocks secured collaborations with prominent industry players such as Archax, Copper, Hidden Road, Zodia, LMAX, Bullish, Flowdesk, and Fireblocks.

Technical innovation plays a crucial role in GBPA’s infrastructure. The stablecoin utilizes LayerZero for cross-chain functionality, enabling seamless operation across multiple blockchain networks. Additionally, Agant’s proprietary…