Andrew MacKenzie is a UK-based fintech and crypto entrepreneur best known as the Founder and CEO of Agant, a stablecoin issuer building GBPA, a pound sterling-denominated stablecoin designed for business and institutional use. MacKenzie’s profile is closely tied to efforts to expand non-USD stablecoin infrastructure, with a focus on regulatory alignment, bank connectivity, and distribution across major blockchains.
Overview
MacKenzie leads Agant’s product and go-to-market strategy, including fundraising, partnerships, and distribution. His work sits within the broader stablecoin sector, where issuers aim to provide on-chain settlement assets that maintain stable value, typically by holding off-chain reserves. Agant positions GBPA as a fully backed GBP stablecoin intended to support faster settlement and programmable payments, while meeting expectations common to regulated financial products.
History and Background
Before Agant, MacKenzie worked in payments and foreign exchange roles, experience that often informs stablecoin product design, especially around settlement finality, treasury operations, and redemption flows. CryptoSlate profiles note that he previously served as a Payments Consultant at Swiss Finance Corporation, where he launched an agricultural payments division and managed FX requirements for businesses with annual turnovers ranging from approximately £3 million to £250 million. Agant’s public company materials also describe MacKenzie as a fintech founder with blockchain experience, including involvement in building a regulated deliverable FX business.
This background is relevant in a market where stablecoin issuers increasingly target enterprise use cases such as supplier payments, cross-border settlement, and collateral movement, areas where traditional rails can be constrained by banking hours, reconciliation complexity, and multi-intermediary chains.
Role at Agant
As Founder and CEO, MacKenzie is responsible for defining Agant’s commercial direction and overseeing how GBPA reaches end users through exchanges, wallets, fintech partners, and institutional payment providers. Public descriptions of his role emphasize product distribution and partnership development, which typically include:
- Designing issuance and redemption workflows that connect on-chain balances to off-chain bank accounts
- Building relationships with liquidity venues, custody providers, and payment firms
- Engaging with compliance expectations, including AML and KYC controls and reporting standards
- Positioning GBPA for corporate and institutional treasury operations, where predictable settlement and auditability are key requirements
GBPA and Product Focus
Agant’s core product is GBPA, described as a fully backed GBP-denominated stablecoin built for business use. The project’s stated product features include near-instant on and off ramps, allowing enterprises to move funds between bank accounts and digital wallets, and multi-chain support across networks including Ethereum and Solana. In this model, users can access GBP-denominated on-chain liquidity without relying exclusively on USD stablecoins such as USDC, which dominate global stablecoin circulation and trading pairs.
For GBP markets, a domestic stablecoin is typically framed around practical settlement needs, including UK business payments, international trade, and 24/7 transaction capability that is not limited by cut-off times. Agant’s messaging has emphasized a regulatory-first approach, a common differentiator for newer issuers that aim to win adoption from firms that require clear governance, redemption assurances, and operational controls.
Funding and Team
Agant’s leadership group, as reflected in CryptoSlate directory profiles, includes multiple co-founders with operational and technical responsibilities. Reuben Blamey is listed as Co-Founder and COO, overseeing operations, compliance, and partnerships, while Davie Clark is listed as Co-Founder and Blockchain Lead, overseeing blockchain development and strategy. In early stage stablecoin businesses, these roles generally map to reserve operations and compliance on one side, and smart contract engineering, integrations, and chain support on the other.
Use Cases and Market Position
MacKenzie’s work is positioned within the ongoing expansion of stablecoins from trading collateral into payment and settlement infrastructure. Potential use cases for a GBP stablecoin include treasury management for UK-linked businesses, programmable payouts, and cross-border settlement where GBP exposure is desired. Multi-chain availability also reflects a market reality: institutional users increasingly want optionality across ecosystems for liquidity, custody integration, and operational resilience.
Risks and Considerations
Stablecoin issuers face a combination of regulatory, operational, and market risks. Regulatory requirements can evolve quickly, shaping reserve rules, redemption obligations, consumer protections, and disclosure standards. Operational risks include banking partner dependence, custody and key management, smart contract vulnerabilities, and challenges maintaining reliable on and off ramps during periods of market stress. Market risks include liquidity fragmentation, competition from established issuers, and the difficulty of achieving distribution at scale for non-USD stablecoins.
For readers evaluating MacKenzie and Agant, the most relevant indicators typically include clarity of reserve backing and redemption rights, transparency and audit or attestation practices, resilience of banking and liquidity partnerships, and evidence of adoption in real payment flows beyond speculative trading.
