GCEX, the crypto and forex liquidity provider founded by Lars Holst in 2018, has received $4 million in fresh funding from True Global Ventures 4 Plus Fund (TGV4 Plus), which primarily invests in serial entrepreneurs.
The liquidity provider offers exposure and access to traditional and digital markets using Tier 1 and trusted providers. Furthermore, it provides a digital asset and forex trading platform to both institutional and professional clients.
“We are currently seeing an influx of institutional money which indicates that the market is ready to embrace digital assets,” said Holst who founded the platform after selling his former venture for $120 million.
“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.”
A Regulated Platform
Regulated by the United Kingdom’s Financial Conduct Authority (FCA), GCEX is trying to bridge the gap between institutional investors and cryptocurrency. Its services particularly target four areas: counterparty risk, transparency, custody and technology integration.
Over the years, the platform has partnered with several other well-known service providers in the trading industry. Last year, it inked deals with two big platforms: Devexperts and Trustology.
“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,” Holst added.
TGV4 Plus Fund’s founding partner, Dusan Stojanovic said: “We are excited to support one of the fastest-growing companies in this field. 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.”
