TechFlow News, March 19: According to Finance Magnates, GlobalBlock—a platform under the UK-based financial broker GCEX Group—has officially launched its 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 (OTC) cryptocurrency trading execution services, portfolio solutions, and digital asset settlement and invoicing tools for corporate users. Underlying liquidity and infrastructure are provided by the GCEX Group.
From a compliance perspective, the relevant financial promotions have been approved by Archax Limited under the UK’s cryptoasset financial promotions regulatory framework set forth in Section 21 of the Financial Services and Markets Act. GlobalBlock and GCEX jointly state that their cryptoasset services are currently not directly regulated by the UK Financial Conduct Authority (FCA), as crypto-related activities remain outside the scope of regulated activities in the UK.
