VNX British Pound

VNX British Pound (VGBP) is a regulated stablecoin referencing pound sterling. VGBP is issued by VNX Global Ltd., which is licensed to conduct digital asset business activities under a Class M licence issued by the Bermuda Monetary Authority. Each VGBP is designed to be fully backed 1:1 by pound sterling and redeemable against the underlying GBP reserve.

VNX brings one of the world’s major reserve currencies onchain, enabling users and institutions to access GBP-denominated value across digital asset markets. VGBP can be used for payments, foreign exchange, trading, treasury management and DeFi applications across supported blockchains.

What can you do with VGBP? Hedge. Hold VGBP to access pound sterling exposure and reduce reliance on volatile crypto assets or USD-denominated stablecoins. Trade. Use VGBP on decentralized exchanges to move between digital assets and GBP-referenced value. Earn. Provide liquidity or use supported DeFi opportunities involving VGBP, where available. Settle and pay. Use VGBP for fast, cost-efficient onchain payments and settlement, with minting and redemption available through VNX’s regulated infrastructure.