GlobalBlock, part of the GCEX Group, has launched its UK crypto offering. The service provides professional clients with access to crypto trading, portfolio tools and settlement solutions under the UK’s financial promotions regime.

GCEX Group acquired GlobalBlock last year to expand the digital prime broker’s reach into wealth management for high-net-worth clients. The acquisition moved GCEX beyond its traditional over-the-counter trading business into managing digital assets for affluent investors.

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In Wednesday's announcement, the digital prime broker said the latest move would help it combine its regulatory licenses in the UK, Denmark and Dubai with GlobalBlock’s established crypto-focused client base.

FCA Approval and Regulatory Scope

“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,” commented Lars Holst, the Founder and CEO of GCEX Group.

Keep reading: GCEX Group Buys GlobalBlock to Expand Wealth Management Services

Before the acquisition, GlobalBlock, co-founded by David Thomas, had carved out a niche serving wealthy individuals seeking direct crypto exposure. The firm offered AI-driven fund management tools, including its GB10 portfolio tracking the top ten cryptocurrencies by market capitalization, and provided customized trading strategies through its mobile app.

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Commenting about the move Thomas said: “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.”

Expansion Under GCEX Integration

The FCA-authorized firm Archax Limited approved GlobalBlock’s crypto asset financial promotions, allowing the company to communicate its services to UK audiences. While crypto assets themselves remain unregulated in the UK, this approval ensures GlobalBlock operates within the FCA’s promotion rules.

Since the acquisition, GCEX has been expanding its commodities and digital assets shelf with a gold-focused push. It added tokenized gold trading just two months after rolling out gold futures CFDs for institutional and professional clients.

The prime brokerage now offers on-chain access to Pax Gold (PAXG) and Tether Gold (XAUt) against USDC, USDT and USD, alongside CFD equivalents that give price exposure to gold without requiring clients to hold the tokens directly.