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GlobalBlock, part of GCEX Group, has launched a digital assets offering for UK clients, with its financial promotions approved by Archax Limited, an FCA-authorised firm operating under the FCA's cryptoasset financial promotions regime.
The offering is available via globalblock.co.uk and includes OTC execution, portfolio solutions for eligible clients, and cryptoasset settlement and invoicing tools for businesses. It is underpinned by GCEX Group's liquidity infrastructure and global counterparty relationships.
GlobalBlock and GCEX Group are not authorised or regulated by the FCA for the provision of cryptoasset services, as cryptoassets are not regulated in the UK. The financial promotions approval arrangement sits alongside GCEX Group's broader regulatory footprint, which includes FCA authorisation for FX and CFDs, a MiCA licence for crypto-asset services across the EU, and a Virtual Asset Service Provider licence in Dubai.
The launch follows the acquisition of GlobalBlock by GCEX Group, completed in September 2025, and is positioned to serve high-net-worth individuals, family offices, asset managers, and corporates seeking professional access to digital assets.
David Thomas, Co-Founder, GlobalBlock
David Thomas, Co-Founder, GlobalBlock 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, which is registered with the FCA under FRN 855171, provides a Section 21 approval service that allows crypto firms to communicate financial promotions to UK audiences in a compliant manner.
Ben Brown, Chief Compliance Officer, Archax commented:
"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."
GCEX Group, headquartered in London with offices across multiple locations globally, is authorised and regulated by the Danish Financial Supervisory Authority (Finanstilsynet) as a Crypto-Asset Service Provider under MiCA and as a Currency Exchange. True Global Ventures are investors in GCEX Group.
Lars Holst, Founder and CEO, GCEX Group
Lars Holst, Founder and CEO, GCEX Group said:
"Regulation is something we take seriously and invest in, and we believe that commitment reflects the standards our clients expect of us. Having GlobalBlock's UK financial promotions approved by Archax, alongside our MiCA authorisation, VARA licence and FCA registration for FX and CFDs, reflects the multi-jurisdictional regulatory framework within which different GCEX Group entities operate. Our clients, whether high-net-worth individuals, family offices, asset managers or corporates, can engage with us knowing that we seek to maintain strong governance and controls, aligned to the requirements of the relevant entity and jurisdiction in which we operate."
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