GlobalBlock Launches UK Digital Asset Offering | LeapRate | Online Trading Industry News, Broker Intelligence & Fintech Analysis
GlobalBlock, part of the GCEX Group, has launched a new digital assets offering for UK clients, providing access to crypto services supported by institutional-grade infrastructure and governance standards.
“GlobalBlock’s UK cryptoasset financial promotions have been approved for communication by Archax Limited (FRN 855171), an FCA-authorised firm, under the FCA’s cryptoasset financial promotions regime,” the company said.
Available through globalblock.co.uk, the service includes OTC execution, portfolio solutions for eligible clients, and settlement and invoicing tools for businesses.
Although GlobalBlock and GCEX Group are not authorised by the FCA to provide cryptoasset services, the approval is said to allow them to communicate financial promotions in line with UK requirements. Cryptoassets themselves remain unregulated in the UK.
The offering builds on the Group’s regulatory footprint across multiple jurisdictions, including an FCA authorisation for FX and CFDs, a MiCA licence for crypto-asset services in the EU, and a Virtual Asset Service Provider licence in Dubai.
David Thomas, Co-Founder of GlobalBlock, said: “This launch is the culmination of everything we have been building, a genuinely complete digital assets offering for clients who want to trade, invest, and transact in crypto with confidence.”
Ben Brown, Chief Compliance Officer at Archax, stated that the company was pleased to support GlobalBlock in navigating the FCA’s financial promotions regime.
Lars Holst, CEO of GCEX Group, highlighted that the approval underscored the firm’s commitment to regulation across markets, enabling clients to engage “knowing that we seek to maintain strong governance and controls.”
