M&G Investments from Britain spearheads a $30 million funding round for GFO-X, a digital assets trading platform set to launch soon, as announced by Global Futures and Options (GFO-X). The UK’s Financial Conduct Authority has licensed GFO-X to facilitate trading in digital asset futures and options for global institutional investors. These trades will be cleared at the London Stock Exchange Group’s Paris arm, LCH SA.
The majority of the $30 million funding came from M&G Investments, a part of M&G Plc, securing them a board seat within GFO-X Holdings. GFO-X highlighted that this strategic investment will support its upcoming launch and future innovations, contributing to bolstering trust and credibility in the regulated digital asset sector.
Jeremy Punnett, a portfolio manager at M&G, emphasized that the lack of regulated trading venues hinders the crypto derivatives trading market’s growth significantly. He expressed optimism about the UK’s potential to emerge as a global center for crypto asset technology and investment, positioning London as an ideal destination for GFO-X’s new global trading exchange.
LCH SA, under London Stock Exchange Group, confirmed its commitment to providing a regulated marketplace for bitcoin index futures and options through its Paris-based clearing arm.
