Last updated: 28 October 2026
⚠️ Not financial advice. Cryptoassets are high risk and largely unregulated in the UK. You could lose all the money you put in, and you’re unlikely to be protected by the Financial Ombudsman Service or FSCS. Many products below aren’t available to UK retail customers. Always check the FCA Warning List and the FCA Register before you buy anything.
Corporate-backed crypto: what’s actually new?
Most new coins are backed by nothing but hype. A growing group is different: banks, payment giants and bullion firms are putting their own names (and reserves) behind tokens. Here are the newest ones we could verify in 2026, what’s behind each and where it’s available.
What about Glencore?
We couldn’t find any coin issued or backed by Glencore itself. What does exist is Glencore xStock (GLENx), a token issued by Backed Assets (JE) Ltd that tracks Glencore shares 1:1. Glencore doesn’t issue it, holders don’t own the shares or get voting rights, and Kraken excludes UK retail customers (source). Separately, back in 2022 Glencore signed up to use Atomyze’s metals tokenisation platform for industrial trading, not a public coin (finews.com).
Live prices via CoinGecko. Tokens without public trading (e.g. JPM Coin, bank stablecoins) have no live price.
Comparison table
| Token (ticker) | Company behind it | Backed by | Launched | Where available | Source |
|---|---|---|---|---|---|
| HSBC RedCoin (RCHKD) | HSBC | Hong Kong dollars; HKMA-licensed stablecoin | 23 Oct 2026 | PayMe by HSBC (Hong Kong) | HSBC |
| Open USD (OUSD) | Open Standard, founded by Coinbase, Mastercard, Shopify, Stripe, Visa (issued by Bridge Building Inc.) | US dollar reserves, 1:1; mint/redeem at no cost | 30 Sep 2026 | Base, Ethereum, Solana, Tempo; default stablecoin on Stripe; businesses only | Bridge, Stripe |
| DGLD on Solana | MKS PAMP (via Gold Token SA) | 1 troy oz of allocated PAMP gold vaulted in Switzerland | 5 Oct 2026 (Solana launch) | SwissBorg; also Ethereum & Base | DGLD |
| PAXGy | Paxos Labs | PAX Gold (LBMA-vaulted gold), lent out to earn gold yield | 24 Sep 2026 | OKX, X Layer, Uniswap, 0x, Ether.fi | PR Newswire |
| USBDC | U.S. Bank (U.S. Bancorp) | US dollars | 9 Sep 2026 (live pilot) | Stellar; internal/bank use only so far | U.S. Bancorp |
| DBS Physical Gold Token | DBS Bank | 1 gram of gold in a DBS vault in Singapore | Announced 11 Jun 2026; retail H2 2026 | DBS digibank (Singapore) | DBS |
| SoFiUSD | SoFi Bank, N.A. | US dollars, redeemable 1:1 | 27 May 2026 (in-app) | SoFi app (US); Ethereum, Solana | SoFi |
| GOLDX | OCBC & Lion Global Investors (with DigiFT) | LionGlobal Singapore Physical Gold Fund | 20 Apr 2026 | DigiFT; institutional/accredited only | OCBC |
| Fidelity Digital Dollar (FIDD) | Fidelity (issued by Fidelity Digital Assets, National Association) | Cash, US Treasuries and other liquid assets; reserves held at BNY Mellon | 4 Feb 2026 (announced 28 Jan 2026) | Fidelity Digital Assets, Fidelity Crypto, Fidelity Crypto for Wealth Managers; Bullish, Kraken; Ethereum | Fidelity, Fidelity Digital Assets |
| USAT (USA₮) | Tether (issued by Anchorage Digital Bank, N.A.) | US dollars; Cantor Fitzgerald is reserve custodian | 27 Jan 2026 | US market; Bybit, Crypto.com, Kraken, OKX, MoonPay at launch | Tether, Anchorage |
| JPM Coin (JPMD) | JPMorgan Chase (Kinexys by J.P. Morgan) | Tokenised JPMorgan USD bank deposits | Nov 2025 on Base; added to Ethereum 19 Oct 2026 | Base, Ethereum; J.P. Morgan institutional clients only | J.P. Morgan |
| Glencore xStock (GLENx) | Backed Assets (JE) Ltd, xStocks (not Glencore) | Glencore shares (GLENL), tracked 1:1 | Not verified (xStocks programme launched 30 Jun 2025; GLENx’s own listing date not found in official sources) | Kraken, Solana DEXs; not UK retail (unverified against issuer docs) | Backed, TokenBank |
| SoFi Earn (SOFIE) | SoFi Bank, N.A. | Tokenised SoFi Bank deposits, FDIC-insured up to limits; 4.40% APY (variable); not a stablecoin | 22 Oct 2026 (rolling out through Nov) | SoFi Crypto (US); converts 1:1 to SoFiUSD | SoFi |
One to watch
A consortium of 21 banks, including Bank of America, Citi, Goldman Sachs, Deutsche Bank and UBS, plans a joint US dollar stablecoin, with launch targeted for the first half of 2027 (Major Matters).
How we picked
- A named, established company (bank, payments firm or bullion group) issues the token or directly backs it.
- It’s backed by something real: cash, bank deposits, vaulted gold, a fund or shares.
- It launched, listed or expanded in 2026, and we could confirm that from a company announcement or a reputable tracker.
- We left out meme coins, “partnership” claims we couldn’t verify and anything without a public source.
Things to know before you buy
- “Backed” doesn’t mean “safe”. Stablecoins aim to hold their value, so you won’t see big gains. Gold and share tokens move with the underlying price.
- Many aren’t open to UK retail investors. Several are limited to a single country, an app or institutions.
- Token ≠ ownership. Share-tracking tokens like GLENx don’t give you the shares, voting rights or dividends paid in cash.
- Watch for copycats. Scammers create fake tokens using big brand names. Only buy through the official channels linked above.
Not financial advice. Crypto is high risk. Check the FCA Warning List before investing.