Nephos Group Appointed Accounting Partner for Agant to Deliver Proof of Reserves for UK Sterling Stablecoin GBPA
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Nephos Group, the UK-founded accountancy consultancy with a specialist digital asset practice, has been appointed as the proof of reserves attestation partner to Agant, the UK-based issuer of the GBPA pound sterling stablecoin, which is registered with the Financial Conduct Authority (FCA) under the Money Laundering Regulations. Under the partnership, Nephos Group will provide independent ISAE 3000 proof of reserves and attestation services for GBPA, helping verify that the sterling-backed stablecoin remains fully reserved on a one-to-one basis. The appointment supports Agant’s commitment to transparency and provides institutional and business users with independent assurance over the reserves backing GBPA.
The partnership also establishes a broader strategic relationship between the two organisations, including joint industry events and educational initiatives focused on raising standards across the UK’s growing digital asset ecosystem.
As the UK moves towards implementing its regulatory framework for stablecoins, independent proof of reserves and attestation is increasingly becoming an essential component. Transparent reserve verification is expected to play a central role in helping regulated issuers demonstrate compliance and build confidence among businesses, financial institutions and market participants.
While US dollar-denominated stablecoins have dominated global adoption, sterling remains fundamental to UK treasury operations, domestic payments and financial settlement. GBPA is designed to provide a transparent, fully-backed, digital representation of the pound sterling and launched on Ethereum, Base, Tempo and Solana, creating a multi-chain infrastructure for institutional digital payments.
For Nephos Group, the appointment represents another milestone in the firm’s expansion into digital asset assurance, combining traditional accounting expertise with specialist knowledge of blockchain infrastructure, stablecoins and emerging regulatory requirements. The announcement follows Nephos’ recent work supporting AE Coin’s expansion onto public blockchain infrastructure, further demonstrating the firm’s growing role in helping registered and regulated digital asset businesses build trusted financial infrastructure.
“This partnership reflects how quickly expectations around stablecoin transparency are evolving,” said Joe David, Founder and CEO of Nephos Group. “Proof of reserves is rapidly becoming a baseline requirement for soon-to-be regulated issuers, not simply an additional layer of assurance. 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. We are pleased to support Agant as it helps build trusted sterling-denominated digital payment infrastructure for the UK.”
Reuben Blamey, Co-Founder and COO of Agant, added: “Trust is fundamental to stablecoin adoption, particularly as institutions begin integrating digital assets into payments, treasury and settlement. Independent reserve attestations provide our customers with additional confidence that GBPA is fully backed and that correct financial controls are in place. We are pleased to partner with Nephos Group, whose expertise in digital asset assurance and accounting makes it well placed to support the next phase of stablecoin growth as the UK moves towards a regulated regime.”
The partnership reflects growing demand from registered and regulated digital asset businesses for specialist accounting firms capable of providing assurance services tailored to blockchain-native financial products, while meeting the expectations of regulators, institutional customers and the wider financial ecosystem.
About Nephos
Nephos Group is a leading professional services firm specialising in Accounting for the crypto and blockchain sectors. Known for our early adoption of emerging technologies, we offer a comprehensive range of services that include crypto tax planning, crypto accounting, institutional support, and decentralised finance (DeFi) consulting. Our team of experts combines traditional accounting skills with deep knowledge of the digital asset space, providing clients with innovative solutions for compliance and growth in this rapidly evolving market.
About Agant
Agant is a GBP sterling stablecoin issuer, based in the UK and registered under the Money Laundering Regulations with the Financial Conduct Authority (FRN: 1037671). Its vision is to enhance money by making it faster, more accessible and more productive for institutions and the markets they serve.
GBPA is a sterling-denominated stablecoin issued by Agant. GBPA is a digital representation of the pound sterling, fully backed and redeemable 1:1, and issued in compliance with applicable UK laws and regulations.
For comments, interview requests, or more information about Agant, please contact [email protected].
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