Profile
VGBP profile facts
VNX British Pound (VGBP) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg British Pound.
- Collateral
- GBP cash held by VNX Global Ltd. in a designated reserve account at Bermuda Commercial Bank, separately maintained from operating accounts; Apex's August 2026 attestation reconciles GBP 126,596.33 of cash to GBP 126,595.48 of VGBP liabilities on Solana, Celo, and Base
- Peg mechanism
- VNX Global Ltd. mints VGBP against GBP funding and offers at-par redemption to verified institutional customers. The published minimum transaction threshold is GBP 100,000; fiat settlement averages approximately one business day through direct cancellation against reserves or issuer buyback, subject to eligibility, compliance, liquidity conditions, and the VNX Global Terms
- Jurisdiction
- Bermuda / BMA / Class M digital asset business licence under DABA 2018 (registration no. 202605548)
- Proof of reserves
- Independent Attestation by Apex Fund Services Ltd. (ISAE 3000 reasonable-assurance examination of VNX Global Ltd.'s currency-matched cash reserves and covered stablecoin liabilities) Reserve source
Source: Pharos registry profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier on this page.
VGBP quick answers
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What is VNX British Pound (VGBP)?
VGBP is VNX Global Ltd.'s institutional GBP token, backed by Apex-attested GBP cash at Bermuda Commercial Bank. The static profile records its British Pound peg mechanism as: VNX Global Ltd. mints VGBP against GBP funding and offers at-par redemption to verified institutional customers.
Is VGBP safe?
As of Oct 25, 2026, Pharos grades VGBP C (55/100) on its Safety Score. Pharos's reviews record that the issuer or an admin can freeze individual holders' balances, and direct redemption is limited to whitelisted primary-market participants. That is a middle-band grade: it meets baseline expectations but carries meaningful weaknesses. The grade moves as reserve, redemption, peg and control evidence changes; the live Safety Score on this page shows the current reading.
What backs VGBP?
Pharos records VGBP's reserves as of Aug 31, 2026 as 100% GBP cash at Bermuda Commercial Bank. Reserve evidence: Independent Attestation, latest period ending Aug 31, 2026. Pharos classifies the backing as Real-World Asset Backed.
Can VGBP be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded.
How do you redeem VGBP?
Under the route Pharos reviewed on Oct 20, 2026, whitelisted primary-market participants can redeem VGBP for a single stable asset, such as cash or a stablecoin. Settlement takes multiple days. The fee is variable or not fully published. Whether a given holder qualifies is set by the route's own terms, not by this summary.
