GlobalBlock, the digital assets arm of GCEX Group, has launched a digital asset offering for UK clients, providing institutional-grade access to digital asset services.
The platform, available via globalblock.co.uk, combines over-the-counter (OTC) execution, portfolio solutions for eligible clients, and digital asset settlement and invoicing tools for businesses.
GlobalBlock’s UK digital asset financial promotions have been approved for communication by Archax Limited (FRN 855171), an FCA-authorised firm, operating under the FCA’s digital asset financial promotions regime. GlobalBlock and GCEX Group are not authorised or regulated by the FCA for the provision of digital asset services, as digital assets are not regulated in the UK.
GlobalBlock co-founder David Thomas said, “This launch is the culmination of everything we have been building, a genuinely complete digital assets offering for clients who want to trade, invest, and transact in crypto with confidence. Backed by GCEX Group’s depth of relationships, liquidity and infrastructure, GlobalBlock can now deliver that proposition at scale, within a framework designed to meet UK financial promotions requirements and supported by GCEX Group’s regulated entities and controls in relevant jurisdictions.”
Archax chief compliance officer Ben Brown said, “It is a pleasure to welcome the GlobalBlock arm of GCEX to the list of clients on our FCA Section 21 Approval Service. Through this service, our mission is to be the partner for leading names in crypto to enable them to navigate the complex FCA financial promotions regime effectively. We are pleased to support GlobalBlock in engaging with UK audiences in a fully Financial Promotions compliant manner, ensuring they can stay aligned to evolving rules and guidance while maintaining their credibility.”
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