M&G Investments has led a $30 mn second round of funding ahead of GFO-X launch.
In brief:
- GFO-X is licensed by the UK's Financial Conduct Authority for global institutional investors to trade digital asset futures and options that will be cleared at LCH SA.
- M&G Investments, which provided most of the latest $30 mn funding and will have a seat on the board of GFO-X Holdings.
- LSEG's LCH SA clearing arm in Paris said it will provide a regulated marketplace for bitcoin index futures and options.
What does this mean?
"The UK has the potential to become a global hub for crypto asset technology and investment, making London an excellent destination for GFO-X’s new global trading exchange," M&G portfolio manager Jeremy Punnett said.
