VNX British Pound(VGBP)

Stablecoin Information

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

Category:fiat-backed

Minting and Redemption

VGBP is minted upon confirmation of fiat funding of the segregated fiduciary account, and redeemed at par at any time per customer instruction. The flow supports two execution paths on the mint side (new issuance against new reserve, or proprietary-trade fill from VNX's liquidity pool) and two paths on the redeem side (direct cancellation against reserves, or buyback into the liquidity pool). An optional crypto-conversion leg is available on either side via VNX's external regulated provider. This page is the institutional-track summary; see Developer Track for sequence-level integration.

Audits:Yes