Clear Junction is partnering with digital asset infrastructure provider Agant to support institutional access to GBPA, a pound sterling stablecoin.

The collaboration addresses a gap in digital asset markets, which have largely developed around the US dollar, by providing an access route for UK and European institutions that operate with sterling at the centre of their treasury, settlement and payment flows.

Clear Junction Digital Limited, the group’s Financial Conduct Authority (FCA) registered cryptoasset business, will act as a distribution partner for the stablecoin.

For institutions requiring fiat GBP capabilities, Clear Junction Limited, an FCA-authorised electronic money institution, will support the payment flows needed for token issuance and redemption.

The GBPA token is designed by Agant as a 1:1 sterling-backed stablecoin for institutional use.

Agant is currently preparing for its first live issuance, with initial availability expected across the Ethereum, Base, Tempo and Solana blockchain networks.

The proposition aims to support practical business use cases across domestic and cross-border payments, corporate treasury, foreign exchange and exchange liquidity.

Under the agreement, Clear Junction Digital will be able to acquire, use and distribute GBPA to eligible institutional financial services and cryptoasset firms that meet specific onboarding and compliance requirements.

The companies target initiating issuance and redemption payments within one hour.

This turnaround remains subject to onboarding, due diligence, platform availability, transaction checks, fiat payment processing requirements and applicable operational controls.

“Clear Junction Group works with licensed financial institutions that need reliable payments infrastructure, strong operational standards and a compliance-first approach,”

said Teresa Cameron, CEO, Clear Junction.

She added that sterling needs credible infrastructure to play a meaningful role in digital settlement.

Andrew MacKenzie, Founder and CEO, Agant, said the partnership gives the firm an institutional access route through an FCA registered partner with established fiat GBP infrastructure.

“A credible pound sterling stablecoin can help ensure sterling remains relevant as institutional finance becomes increasingly connected to blockchain-based settlement,”

he said.

Featured image credit: Edited by Fintech News Switzerland, based on image by thanyakij-12 via Magnific