VGBP Price

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.

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.

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

1. Reserves – VGBP references the British Pound and is supported by sufficient reserves.

2. 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.

3. 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.

4. 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

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.

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.

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

You can use VGBP to:

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

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.

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.

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

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.

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.

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.

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.

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.