It is called poundtoken because it is a digital e-money token (ofter known as a stablecoin) which is pegged to the value of Great British Pounds Sterling (GBP). poundtoken is also often referred to by its ‘ticker’ GBPT.
It is not a physical pound coin and has no affiliation with British Pound Sterling (GBP), the Bank of England or the UK. It also has no legal or regulatory protections in the UK.
© 2022 Blackfridge SC Limited
55 Athol Street, Douglas
Isle of Man, IM1 1BL
© 2022 Blackfridge SC Limited
55 Athol Street, Douglas
Isle of Man, IM1 1BL
poundtoken and poundtoken.io are business names of Blackfridge SC Limited. Blackfridge SC Limited is a company incorporated in the Isle of Man under company Number 134289C. Registered Address 55 Athol Street, Douglas IM1 1BL. Blackfridge SC Limited is licensed and regulated by the Isle of Man Financial Services Authority to carry on Class 8 (2)(a) and (4) – Money Transmission Services as a part of the Authority’s Regulatory Sandbox. Blackfridge SC Limited is registered with the Isle of Man Information Commissioner. Funds received by Blackfridge SC Limited do not constitute deposits as defined in the Regulated Activities Order 2011 and are not covered by the Isle of Man Depositors’ Compensation Scheme. All funds received from customers for the issuance of e-money tokens (known as poundtoken) are safeguarded in segregated client accounts denominated in GBP (British pound sterling). Funds received in any other currency will be converted at an exchange rate decided by our bank. Funds withdrawn by you to an account in a different currency will be converted at an exchange rate decided by your bank. For the avoidance of doubt, “poundtoken” is a trading name and has no official connection or affiliation with British Pound Sterling (GBP) currency issued in the United Kingdom, and has no legal or regulatory protections in the United Kingdom.
