According to Finance Magnates, GlobalBlock, a platform under the UK-based financial broker GCEX Group, has officially launched digital asset services for UK clients, targeting high-net-worth individuals, family offices, asset management firms, and corporate clients. The platform offers over-the-counter cryptocurrency execution services, portfolio solutions, and digital asset settlement and invoicing tools for businesses, with underlying liquidity and infrastructure supported by the GCEX Group. On the compliance front, all financial promotions have been approved under the UK’s regulatory framework for cryptoasset financial promotions, as outlined in Section 21 of the Financial Services and Markets Act by Archax Limited. GlobalBlock and GCEX have also stated that their cryptoasset services are currently not directly regulated by the UK Financial Conduct Authority (FCA), as cryptocurrency activities are not yet within the scope of regulated activities in the UK.
UK broker GCEX launches digital asset services for institutional clients via GlobalBlock
TechFlowShare
Summary
UK financial broker GCEX Group has launched digital asset regulation-compliant services for institutional clients via its GlobalBlock platform, targeting high-net-worth individuals, family offices, and asset managers. The platform offers OTC crypto execution, portfolio solutions, and settlement tools, supported by GCEX’s liquidity. Crypto asset classification under the UK’s Section 21 framework was approved by Archax Limited. GCEX and GlobalBlock note that their services are not directly regulated by the FCA, as crypto remains unregulated in the UK.
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