Government bonds · GILTS

GILTS: UK government bonds with Etherfuse

UK government debt · British pounds (GBP)

Hold and transfer this Etherfuse token in Lex.

What is the underlying investment?

Gilts are UK government securities. Conventional gilts pay a fixed coupon and repay principal at maturity; index-linked gilts use a different structure tied to inflation. Their market prices can move before maturity, so the coupon rate alone does not tell you your investment return.

GILTS is Etherfuse’s token for UK government bond exposure in pounds. Holding it means holding the token under Etherfuse’s terms, rather than choosing a particular gilt in a brokerage account. Check the current backing instead of assuming a specific coupon, maturity, or inflation protection.

Why access can take extra steps

Retail investors can buy gilts through a bank, stockbroker, or the UK Debt Management Office’s purchase and sale service. The DMO service is for UK residents in its approved investor group. Other routes have their own account requirements and dealing charges.

If you manage money from Mexico, Brazil, or Argentina, finding an eligible provider and funding a sterling position can add steps. Etherfuse represents this exposure as a token, and Lex gives supported GILTS holdings a place in your existing wallet.

What Etherfuse adds

Etherfuse creates Stablebonds backed by government debt. The token provides economic exposure to the backing assets under the issuer’s terms; Etherfuse handles the underlying investment and custody arrangements. Lex is the app where you manage the supported token in your self-custodial wallet.

Self-custody means you control the wallet holding the token. The underlying securities still rely on Etherfuse and its custodians. Read the product documents, reserve information, eligibility rules, and redemption terms before investing. A token transfer, a market sale, and redemption with the issuer are different operations.

Issuer or protocol: Etherfuse
Network: Base
Token contract: 0x0ff2CBAfcCAe23A704d954B43910e864291fd03A

How value works

The token’s value reflects the underlying portfolio and accrued returns, rather than a fixed one-unit currency peg. Rates and portfolio values change. A market quote may differ from the issuer’s net asset value (NAV), and a yield shown today is not a guaranteed future return.

What to consider

Consider sovereign credit, interest rates, currency movements, issuer and custodian performance, smart contracts, and available trading liquidity. Selling can realize a loss, and fees and taxes reduce the amount you keep. This is an investment, not an insured bank deposit. Verify the network and contract shown on this page before transferring tokens; the same symbol on another network is not interchangeable.

An example to think through

Suppose you have future expenses in pounds and want to understand an investment denominated in the same currency. A gilt investment can still fall in market value, especially when interest rates change. A token adds issuer and trading-liquidity considerations. Match the investment horizon to the expense and assess the exit route instead of assuming a government bond is instantly spendable cash.

Using Lex with this Etherfuse token

Download Lex, open Government bonds, and choose the token to see your supported holdings. To receive tokens, use your Lex address on the network shown on this page and match the token contract. You can hold and transfer the tokens in the same wallet as your currencies.

Lex does not currently provide buy or sell quotes for this bond. For purchases or redemptions through Etherfuse, review the product page linked below, including eligibility, available networks, and current terms. A transfer to Lex does not sell or redeem the token.

Sources and documentation

Information reviewed October 4, 2026.