Poundtoken is Now Supported on Crypto APIs

Poundtoken is Now Supported on Crypto APIs


Crypto APIs Team

Sep 27, 2022 • 2 min

Poundtoken (GBPT), the first regulated GBP-pegged stablecoin, is now available on Crypto APIs and supported in our full product suite.

The first British Isles regulated stablecoin backed 1:1 by pound sterling is designed with simplicity and consumer confidence at its core. GBPT has robust regulation, regular audits by KPMG and proof-of-reserve ensuring all issued stablecoins are 100% backed in GBP.

All of Crypto APIs customers will be able to use poundtoken and operate with it using the full suite of tools. Our customers can now securely store pountokens in their wallets, transact from and to their addresses, set up webhooks for incoming and outgoing poundtoken transfers, query historical and live data, consolidate and automatically forward funds and more.

“Crypto APIs simplification of the blockchain process is a key factor for poundtoken’s integration,” said Christian Walker, Head of Partnerships at poundtoken. “As we continue to grow it is vital that our foundations offer our key principles when it comes to offering holders ease and security when using our product. Crypto APIs offers us both of those, especially as the crypto space progresses and brings in new customers that want simplicity.”

As part of the integration, Crypto APIs customer can now securely operate with poundtoken:

    - Store poundtoken in their wallets using Wallet as a Service

    - Transfer GBPT securely from and to their addresses with Wallet as a Service

    - Set up webhooks for incoming and outgoing transfers with Blockchain Events

    - Query historical and live data with Blockchain Data

    - Consolidate and automatically forward funds using Blockchain Automations

     … and more

“We’re delighted to add poundtoken to our services,” said Beduil Dauis, Chief Business Development Officer at Crypto APIs. “Two key areas many businesses and customers are looking for in the crypto space are asset security and user simplicity. Our partnership provides both as we facilitate the access to blockchain, whilst poundtoken offers a token that has solid regulatory backing by the Financial Services Authority and a transparent philosophy”, he added.

About poundtoken

poundtoken is a digital e-money token designed to have a relatively stable price.  It is redeemable on a 1:1 basis for Great British Pounds (GBP) and is backed 100% by GBP-denominated assets.

The stablecoin is issued by Blackfridge, the Isle of Man-based fintech company advancing financial services via innovative technologies. blackfridge is regulated and licensed by the Isle of Man Financial Services Authority. 

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