Preview the live rate, fee, and output before signing a mint from tGBP.
wstGBP is a yield-bearing wrapper around tGBP. Holding wstGBP gives you GBP exposure through tGBP, plus yield from the underlying UK gilt reserves. The yield accrues into the wstGBP↔tGBP exchange rate: your wstGBP balance does not change, but each wstGBP redeems for more tGBP over time. wstGBP is issued by Wren Sterling (BVI) Ltd.
tGBP is a GBP stablecoin backed 1:1 by sterling cash and short-term UK government bonds, issued by BCP Technologies (FCA-registered). wstGBP wraps and unwraps tGBP. It does not change what tGBP is. Wren Sterling (BVI) Ltd is not affiliated with BCP Technologies except by business agreement. More at tokenisedgbp.com.
From the UK gilt and sterling cash reserves backing tGBP. wstGBP passes the gilt yield through to holders via the rising exchange rate. The Estimated Yield figure in the sidebar is a current estimate that tracks prevailing UK gilt rates. It is not a guarantee and will move with the market.
You approve the wstGBP contract to spend your tGBP and then click Mint. The contract converts your tGBP into wstGBP at the current mint price in a single transaction. No waiting period.
You click Redeem with the amount of wstGBP you want to unwrap. The contract handles redemption on-chain, with no custodian approval step. You receive tGBP back in the same transaction, net of a 25 bps redemption fee included in the exchange rate.
Plain tGBP does not accrue the gilt yield to your wallet. wstGBP does. wstGBP can also be used as collateral or in pools where it is integrated.
Minting wstGBP has no fee. Redeeming applies a 25 bps fee included in the contract’s redeem price. There is no separate UI fee.