> For the complete documentation index, see [llms.txt](https://hocdao.gitbook.io/documentation/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://hocdao.gitbook.io/documentation/overview/what-is-hgbp.md).

# What is HGBP?

HGBP is an overcollateralised stablecoin pegged to the value of the pound sterling, which is backed by tokenised real estate. Users can withdraw up to 70% of the value of their tokenised real estate, upon locking them into a HocDao vault.