Name: VGBP
Brand: VGBP
SKU: VGBP
Price: 1.347 USD
Availability: InStock

Question 1

What is VGBP (VGBP)?

Accepted Answer

VNX British Pound (VGBP) is a multichain token referencing British Pound from a token generator licensed under the Blockchain Act in Liechtenstein.

Question 2

What differentiates VGBP (VGBP) from other tokens?

Accepted Answer

VGBP is a fiat-referencing token (stablecoin), issued by VNX, a token generator licensed by a European regulator. Unlike many unregulated or opaque alternatives, VGBP is created under the blockchain-friendly framework of Liechtenstein and supported by sufficient reserves held in banks in Liechtenstein and Switzerland. The powerful regulatory basis and sufficient reserves set VGBP apart, offering a trusted bridge between traditional finance and crypto for cross-border payments, value preservation, and DeFi use.

Question 3

What is the utility of VGBP (VGBP)?

Accepted Answer

Cross-border transfers: Send and receive value across borders quickly and cost-effectively, avoiding the delays, high fees, and limitations of traditional banking rails.

Fiat on/off-ramp: Easily convertible between fiat and crypto through platforms that support VGBP, simplifying entry and exit to the crypto ecosystem.

Stable store of value: Protect your funds from crypto market volatility by holding a token referencing the British Pound Sterling.

Access to DeFi: Use VGBP in decentralized finance protocols to lend, borrow, or earn yields, all while keeping your value in GBP.

Question 4

What does the VGBP (VGBP) whitepaper promise?

Accepted Answer

VGBP is fiat-referencing token and thus is covered by the FRT white paper, which outlines several key commitments:

Reserves – VGBP references the British Pound and is supported by sufficient reserves.
Independent audits –annual independent third-party reserve audit reports verify that the value of reserves corresponds to the amount of tokens in circulation. The reserves audit reports are available for review under the “transparency” tab on the platform.
Regulatory setup – VGBP is generated (created) by VNX, a token generator licensed under the Liechtenstein Blockchain Act, operating within a robust and transparent regulatory framework.
Transparency and trust – The white paper emphasizes clear reserve management policies, regular reporting, and operational integrity ensuring accountability and user confidence.

The official White Paper can be found here

Question 5

What consensus mechanism does VGBP (VGBP) use?

Accepted Answer

VGBP leverages the native consensus mechanisms of the relevant blockchains on which it’s generated. It currently operates on Solana, as VGBP expands to more blockchains, it will continue to rely on the underlying infrastructure and consensus protocols of each supported network.

Question 6

Who created VGBP and why?

Accepted Answer

VGBP was created by VNX, a regulated token generator based in Liechtenstein. The token was launched to meet the growing demand for trusted non-USD stablecoins. GBP is one of the most widely used currencies globally, yet high-quality tokens referencing it remain limited. VGBP aims to fill that gap - offering a secure and transparent way to use GBP in international settlements, DeFi applications, FX trading, crossborder payment and much more.

Question 7

When was the VGBP (VGBP) token created?

Accepted Answer

VGBP was first deployed in December 2024 on Solana, and later on the XRP Ledger blockchain.

Question 8

How do I use the VGBP (VGBP) token?

Accepted Answer

You can use VGBP to:

Transfer funds across borders quickly and at low cost, avoiding traditional banking delays and fees.
Maintain GBP value with the VGBP token without exposure to crypto volatility.
Access DeFi platforms that support VGBP to earn yield, lend, or provide liquidity.
Trade VGBP on supported centralized and decentralized exchanges.
Convert between fiat and crypto through platforms offering VGBP on/off-ramps.

Question 9

Where do I buy the VGBP (VGBP) token?

Accepted Answer

VGBP (VGBP) can be bought on the SwissBorg app with just a few clicks. Download the app for Android or iOS and exchange cryptos instantly at the best price.

Question 10

What problem or need does VGBP aim to address?

Accepted Answer

VGBP was created to fill the gap in high-quality non-USD stablecoins referencing the British Pound. While GBP is one of the world’s most used reserve currencies, there are very few reliable tokenized versions of it. VGBP provides a trusted and transparent way to hold, transfer, and use GBP on the blockchain - supporting faster payments, global settlements, and access to DeFi that keeps your value in pounds.

Question 11

Is the VGBP (VGBP) open-source, and can I review its code?

Accepted Answer

VGBP on Solana is not open-source, but it is built using standard Solana SPL Token implementation.

Question 12

How was the VGBP (VGBP) token generated?

Accepted Answer

VGBP has an unlimited supply and is generated based on market demand. The process of token generation follows the rules outlined in the VNX FRT White Paper. In short, token generation is initiated by verified institutional counterparties. Once a counterparty transfers eligible reserves, VNX mints the corresponding amount of VGBP tokens and delivers them to the counterparty’s wallet on a supported blockchain. All reserves are regularly reviewed and independently attested to ensure transparency and accountability. Reserve information is publicly available here.

Question 13

What is the VGBP (VGBP) transaction speed and scalability?

Accepted Answer

VGBP transactions on the Solana blockchain are fast and highly scalable. Solana can process over 65,000 transactions per second (TPS) with block finality in just a few seconds. This allows VGBP users to send and receive tokens almost instantly and at very low cost, making it suitable for high-frequency transfers and scalable for DeFi use.

Question 14

Is VGBP (VGBP) environmentally friendly in terms of energy consumption?

Accepted Answer

VGBP was initially launched on Solana, one of the most energy-efficient blockchains in the industry. Since VGBP relies on the infrastructure of the networks it operates on, its environmental footprint is directly tied to those blockchains. Solana blockchain enables fast transactions with minimal energy consumption. As VGBP expands to other chains, energy efficiency will remain a key consideration in the blockchain selection process.

Question 15

What is the governance model for VGBP (VGBP)?

Accepted Answer

VGBP is generated and governed by VNX, a licensed token generator operating under the Liechtenstein Blockchain Act. All key decisions related to token generation, reserves, compliance, and operations are managed by VNX in accordance with internal procedures and regulatory requirements. There is currently no decentralized governance model in place. However, transparency is maintained through regular third-party audits and publicly available reserve data.

Question 16

What are the long-term goals and vision for VGBP?

Accepted Answer

VGBP is aiming to become the standard among GBP referencing digital assets. Shortly after its launch, it became the largest token by market capitalization among GBP stablecoins (as of March 2025), emphasizing the market demand for a trusted and transparent alternative. The long-term goal is to bolster the leadership by expanding VGBP’s presence across major blockchains, integrating it into DeFi, payments, and institutional finance. VNX envisions VGBP as the go-to GBP token for users and platforms looking for stability, regulatory clarity, and seamless interoperability within the global digital asset economy.

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VGBP Price

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Market Stats

What is VGBP (VGBP)?

What differentiates VGBP (VGBP) from other tokens?

What is the utility of VGBP (VGBP)?

What does the VGBP (VGBP) whitepaper promise?

What consensus mechanism does VGBP (VGBP) use?

Who created VGBP and why?

When was the VGBP (VGBP) token created?

How do I use the VGBP (VGBP) token?

Where do I buy the VGBP (VGBP) token?

What problem or need does VGBP aim to address?

Is the VGBP (VGBP) open-source, and can I review its code?

How was the VGBP (VGBP) token generated?

What is the VGBP (VGBP) transaction speed and scalability?

Is VGBP (VGBP) environmentally friendly in terms of energy consumption?

What is the governance model for VGBP (VGBP)?

What are the long-term goals and vision for VGBP?

Technical Analysis

Exclusive tools

Automate your investment today!

Receive notifications when VGBP reaches certain prices.

Get paid to trade

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