Two entities under the GCEX Group, GC Exchange FZE and GC Exchange A/S, have enhanced their fiat banking rails by partnering with financial infrastructure provider OpenPayd. Announced today (Tuesday), GCEX’s European clients will have access to EUR and GBP transactions, while UAE-based clients will have USD access.
Join stablecoin builders in London at the FMLS25.
Enhancing Fiat Payment Options
“This partnership with OpenPayd is an important step in strengthening our fiat capabilities for institutional and professional clients,” said Lars Holst, CEO and Founder of GCEX.
The company stressed that OpenPayd’s infrastructure will offer GCEX’s institutional and professional clients, including brokers, hedge funds, and asset managers, faster and more efficient payment services.
According to GCEX, these enhancements will allow their clients to make faster cross-border payments and improve liquidity management.
“Together, these enhancements improve the trading experience for our clients and ensure the highest standards of compliance across jurisdictions,” Holst added.
- Former Saxo Bank and CBOE Director Joins GCEX as Digital Prime Broker Expands UK Team
- GCEX Group Buys GlobalBlock to Expand Wealth Management Services
- GCEX Hires 35-Year FX Professional for EMEA Push
Localising Payments Is the Key
OpenPayd, which has made its name by offering embedded finance solutions, FX, domestic and international payments, Open Banking, and stablecoin on/off ramps, provides services to several major brands.
Some of its well-known clients include eToro, Kraken, OKX, and B2C2. The platform also claims to process more than €130 billion in annual volumes for over 800 businesses.
“As digital asset markets evolve, institutional clients need financial infrastructure that can keep pace with their demands,” said Lux Thiagarajah, Chief Commercial Officer at OpenPayd. “Our focus is to help businesses move and manage money globally and, through this partnership, GCEX can ensure their clients benefit from fast and flexible access to global banking networks.”
Meanwhile, GCEX recently acquired GlobalBlock, a crypto brokerage specialising in wealthy clients with more than $60 million in assets under management. It also launched a mobile trading app for institutional crypto and FX clients.
