Digital Prime Broker GcEx Group has announced that it has acquired Globalblock Europe UAB, a dedicated encryption company and asset management company focusing on high nets with more than $ 60 million in customer assets. This strategic transaction marks a natural expansion for GCEX from established OTC, conversion and technology businesses to a broader proposal for digital assets for assets and wealth managers.
The parties have reported that the partnership combines the power of GCEX in regulated multi -asset transactions and the Deep Tier liquidity supply and the proven capabilities of Globalblock in wealth management and Fintech innovation. Both businesses have created a strong reputation around service, security and transparency and expect to achieve important synergies throughout customers, technology completion and escalation worldwide.
The acquisition utilizes GCEX’s multi -type licenses across the United Kingdom (FCA), Denmark (FSA/EU) and Dubai (Vara). Together, according to applicable regulatory requirements, GCEX and Globalblock will accelerate customer boarding by combining the GCEX’s liquidity and regulatory framework with Globalblock’s own capital management technology and the expansion of products and the achievement of the marketplace.
Lars Holst, founder and CEO of GCEX Group, commented,
“Globalblock’s acquisition is a strategic leap forward for GCEX, expanding our footprint, our customer base, our team and our potential.
“With the participation of forces with Globalblock we are strengthening our position to compete in the top grade of digital and tradfi.
David Thomas, co -founder of Globalblock, added,
“We are thrilled to join for powers with GCEX, strong regulatory licenses and world range are perfectly complementing our business model.
GCEX President Jesper Ronald Petersen came to the conclusion,
“It is with great pleasure to be able to announce the friendly acquisition of Globalblock. Recognizing the basic advantages and values of each company and market trends, both sides came to this transaction with a positive mentality, seeing the obvious benefits for the combined business.
The GCEX Group enables institutional and professional customers to have access to deep liquidity in CFD in digital assets and FX, along with transactions and converting digital assets. The company also offers a complete range of Forex Brokerage and Crypto-Native Technology solutions as part of the Xplordigital suite. Characteristics Xplordigital, app Xplordigital, innovative plug-and-play solutions, “crypto in a box” and “broker in a box” that includes technological-ignorant platforms facing technology regulation and innovative technology.
For Globalblock
Globalblock Europe, UAB, is a private limited liability company registered in accordance with the applicable laws of the Republic of Lithuania as a virtual currency wallet. In the wealth and assets management area, Globalblock services include GB10, a differentiated portfolio of the top 10 cryptocurrencies weighted by the market ceiling and re -established each month. Its privately owned technology provides assets managers a digital portfolio service to customize customer objectives through an application. Globalblock’s payment solutions allow customers to settle tariffs or receive encryption payments as well as buy or sell cryptocurrencies for Treasury management.
For GCEX
Based in London, with multiple offices worldwide, GCEX is regulated by the UK FCA, registered with Danish FSA as a Vasp and exchange of coins and has a virtual asset license from the Dubai Virtual Assets Regulatory Authority. Real world businesses are GCEX investors.