GCEX Boosts Digital Asset Power with GlobalBlock EU Acquisition

GCEX Group, a prominent regulated digital prime broker, has strategically acquired GlobalBlock Europe UAB, a well-established crypto brokerage and asset management firm. This move significantly expands GCEX's offerings, particularly for asset and wealth managers seeking broader access to digital assets.

GlobalBlock EU boasts a robust portfolio, managing over $60 million in client assets, with a focus on high-net-worth individuals. Their services include innovative wealth and asset management solutions like GB10, a diversified cryptocurrency portfolio rebalanced monthly, alongside cryptocurrency payment solutions and crypto treasury management.

The synergy between GCEX's expertise in regulated multi-asset trading and liquidity provision and GlobalBlock's wealth management and fintech capabilities promises enhanced client onboarding, seamless technology integration, and accelerated global scaling.

Lars Holst, GCEX founder and CEO, emphasized the strategic importance of the acquisition, stating it expands their footprint, client base, team, and capabilities. He lauded GlobalBlock's innovative diversification strategies and complementary technology.

David Thomas, GlobalBlock co-founder, expressed enthusiasm about joining forces with GCEX, highlighting their strong regulatory licenses and global reach as perfectly complementing their business model, enabling expansion of wealth management and digital asset solutions under the trusted GlobalBlock brand.

Key Takeaways:

• GCEX acquires GlobalBlock EU to broaden digital asset offerings for asset and wealth managers.
• GlobalBlock manages over $60m in client assets, focusing on high-net-worth individuals.
• The acquisition aims to enhance client onboarding, technology integration, and global scaling.
• Synergies anticipated in regulated trading, wealth management, and innovative fund management technologies.