GFO-X Secures $30M in Series B Funding
GFO-X, a London, UK-based regulated and centrally cleared trading platform, has successfully raised $30M in Series B funding, signaling a significant step forward in the company's growth. The funding round, led by M&G Investments, also grants M&G Investments a position on the Board of GFO-X Holdings. The injection of capital will be utilized to expedite the forthcoming launch of GFO-X and to fuel future innovation in the regulated digital asset sector. By doing so, GFO-X aims to strengthen trust and credibility within the market.
GFO-X, under the leadership of CEO Arnab Sen, operates as a regulated and centrally cleared trading venue that focuses on digital asset derivatives.
Its core objective is to enhance liquidity, foster institutional connectivity, and mitigate risk through the use of cutting-edge technology and optimized contract specifications. Acknowledging the importance of regulatory compliance, GFO-X obtained authorization and regulation from the UK FCA. The company's strategic partnership with LCH SA, announced in April 2023, further solidifies its commitment to providing reliable services to the digital asset derivatives market.
In response to the successful funding round, Arnab Sen emphasized that the evolution of regulation will bring digital assets further into the realm of mainstream finance. As this transition takes place, it becomes essential for traditional market structures to address the myriad of risks associated with the digital asset market. However, building a regulated financial market ecosystem is a complex, time-consuming, and costly endeavor, and shortcuts can lead to detrimental consequences. To ensure the long-term viability of digital assets and the digitization of tangible assets, collaboration between traditional market participants and innovative disruptors is paramount. The support of M&G Investments as a patient and long-term capital partner is invaluable as GFO-X spearheads the development of the next-generation global financial market infrastructure for digital assets.
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