just now
Regulated digital prime broker GCEX Group has acquired crypto brokerage and asset management firm GlobalBlock Europe UAB, which focuses on high-net-worth individuals and manages more than $60 million in client assets.
The acquisition represents an expansion for GCEX from its established OTC, conversion and technology business into digital assets for wealth and asset managers.
The deal combines GCEX’s regulated multi-asset trading and Tier 1 liquidity with GlobalBlock’s capabilities in wealth management and fintech innovation. Both companies emphasised their shared commitment to service, security and transparency, highlighting expected synergies in client onboarding, technology integration and global scaling.
The move builds on GCEX’s multi-jurisdictional licences across the UK, Denmark and Dubai. The combined entity aims to accelerate client onboarding by pairing GCEX’s liquidity and regulatory framework with GlobalBlock’s proprietary AI-driven fund management technology.
Lars Holst, Founder & CEO of GCEX Group, said:
"Acquiring GlobalBlock is a strategic leap forward for GCEX, expanding our footprint, our client base, our team, and our capabilities. GlobalBlock’s founders have built a standout, profitable firm, with world-class products, providing innovative diversification strategies for clients. Our firms have complementary technology and shared values in terms of innovation, service and integrity.”
— Lars Holst, Founder & CEO, GCEX Group
Holst added:
"By joining forces with GlobalBlock we are strengthening our position to compete in the top tier of Digital and TradFi. Our combined clients will gain access to broader product suites, market leading pricing, and cutting-edge trading platforms, with the highest levels of data security.”
— Lars Holst, Founder & CEO, GCEX Group
David Thomas, Co-Founder of GlobalBlock, said:
"We are excited to join forces with GCEX. Their strong regulatory licenses and global reach perfectly complement our business model. This partnership allows us to expand our wealth management and digital asset solutions while continuing to operate under the GlobalBlock brand that our clients trust."
— David Thomas, Co-Founder, GlobalBlock
Jesper Ronald Petersen, Chairman of GCEX, commented:
"It is with great pleasure to be able to announce the friendly acquisition of GlobalBlock. Acknowledging each company’s core strengths and values and the market trends, both sides went into this transaction with a positive mindset, seeing the obvious benefits for the combined business. Add to this the constructive process from our main investor, True Global Ventures, and the DLA Piper deal team, we set off and completed fast and strong. This bodes well for a seamless integration by our highly skilled employees with benefits to both shareholders and, most importantly, our clients.”
— Jesper Ronald Petersen, Chairman, GCEX Group
GCEX Group provides institutional and professional clients with access to liquidity in CFDs on digital assets and FX, alongside spot trading and conversion of digital assets. The company also offers technology solutions through its XplorDigital suite, which includes its XplorDigital App and plug-and-play platforms such as ‘Crypto in a Box’ and ‘Broker in a Box’.
GlobalBlock Europe UAB, registered in Lithuania as a virtual currency depository wallet operator, provides wealth and asset managers with a range of services including GB10, a diversified portfolio of the top 10 cryptocurrencies by market cap. Its technology allows clients to tailor portfolios via an app and also supports crypto payments and treasury management solutions.
Headquartered in London, GCEX is regulated by the UK’s FCA, registered with the Danish FSA as a VASP and currency exchange, and licensed by Dubai’s Virtual Assets Regulatory Authority. Investors include True Global Ventures.
Found this interesting? Become a member of LiquidityFinder and get daily industry news direct to your inbox — join here.
