We report on the preparation of boranophosphate salts, BPi (2), and the exploration of their properties with a view to developing a new mimic of the parent phosphate. BPi salts were easily prepared in excellent yield in a one-pot two-step reaction from tris(trimethylsilyl) phosphite, and were characterized by X-ray crystallography and IR, 1 H and 31 P NMR spectroscopy. We evaluated the acid/base character of BPi by determining its acidity constants. Likewise, we evaluated the stability of BPi at various pH values, and calculated the decomposition-rate constants at highly acidic pH. We also monitored the H-bonded clustering of BPi in organic solvents, including MeOH. Finally, we explored the chemical behavior of BPi with respect to various organic and inorganic reagents.