UK asset manager M&G Investments is leading a $30 million Series B funding round for Global Futures and Options (GFO-X), a regulated crypto derivative exchange. M&G’s Crossover strategy contributed $20 million of the investment and targets companies it expects to get listed (Crossover) on a public market in the future. The entire M&G group has assets under management of £342 billion ($429bn).
In April GFO-X announced a collaboration with London Stock Echange subsidiary LCH SA for centralized clearing of digital assets. Hence, GFO-X is targeting traditional institutional players (TradFi) at a global level.
GFO-X had planned to launch this quarter, but the launch of LCH DigitalAssetClear is still subject to regulatory approval.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
