Nephos Group will provide independent attestation services to verify the sterling-backed GBPA stablecoin.
UK-based accountancy consultancy Nephos Group has been appointed as the proof of reserves attestation partner to Agant, the UK-based issuer of the GBPA pound sterling stablecoin.
Under the partnership, Nephos Group will provide independent proof of reserves and attestation services for GBPA, verifying that the sterling-backed stablecoin remains fully reserved on a one-to-one basis.
The GBPA stablecoin is designed to support UK treasury operations, domestic payments and financial settlement. For Nephos Group, the appointment represents the firm’s expansion to combine accounting expertise with knowledge of blockchain infrastructure, stablecoins and emerging regulatory requirements.
Joe David, Founder and CEO of Nephos Group, said: “As digital assets become increasingly integrated into mainstream financial services, the market needs accounting partners that understand both established assurance standards and the technical realities of blockchain infrastructure.”
Reuben Blamey, Co-Founder and COO of Agant, added: “Independent reserve attestations provide our customers with additional confidence that GBPA is fully backed and correct financial controls are in place.”
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