GCEX Gets Funding
Posted by Colin Lambert. Last updated: January 10, 2022
Digital assets and fiat brokerage GCEX has received $4 million in funding from True Global Ventures 4 Plus.
Lars Holst, founder of GCEX, says, “We are currently seeing an influx of institutional money which indicates that the market is ready to embrace digital assets. Our infrastructure has been built and is proving to be in demand. Brokers are looking for solutions and most institutions want to get started investing in digital assets without having to deal with issues like custody and blockchain directly. It naturally falls into our sweet spot to bridge the gap between institutional investors and cryptocurrency; through our partnerships with traditional FX houses and technology, institutions can gain crypto exposure through a trusted platform. The investment from TGV Plus provides us with much-needed capital to continue on our rapid growth trajectory while adhering to regulatory requirements and best practices.”
Dusan Stojanovic, founding partner of TGV4 Plus Fund, adds, “This is largely a greenfield market where GCEX can provide a regulated solution within both crypto and FX together. We believe that GCEX is on track to become a dominant global player. With the rapidly growing demand from institutions for trading digital assets and a surge of ‘shady’ businesses in this sector, one of the biggest problems brokers, funds and professional traders face in this industry is finding regulated and professional providers who can provide access to multiple trading venues and exchanges. GCEX solves this issue, facilitating the trading of digital assets for institutional clients.”