2 years ago

GFO-X Secures $30 Million in Series B Funding to Accelerate Digital Asset Trading Platform Launch

  • GFO-X, a London-based regulated and centrally cleared trading platform for digital asset derivatives, has raised $30 million in Series B funding led by M&G Investments

  • The investment will be used to accelerate the platform's launch and support future innovation in the regulated digital asset sector

  • GFO-X is committed to enhancing trust and credibility in the market by delivering enhanced liquidity, institutional connectivity, and risk mitigation

  • The company's mission is to build the next generation of global financial market infrastructure for digital assets.

      • ProblemFinancial Services

      "Building a regulated financial market ecosystem for digital assets is complex, time-consuming, and expensive, and the pitfalls of taking shortcuts are now clear for all to see. The long-term viability of digital assets and the digitization of real tangible assets requires careful collaboration between traditional market participants and modern innovators."

      Solution

      "GFO-X is a regulated and centrally cleared trading venue dedicated to digital asset derivatives, offering enhanced liquidity, institutional connectivity and risk mitigation through high-performance technology and optimised contract specifications. It is working with LCH SA to provide a new, segregated central counterparty clearing service, LCH DigitalAssetClear, subject to regulatory approval, that is focused on counterparty credit, risk management, and the settlement needs of the digital asset derivatives market as institutional products develop."

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