UK-based pension fund M&G’s investment arm pours $20 million into Global Futures & Options Holdings (GFO-X), the country’s inaugural regulated Bitcoin derivatives exchange. Part of a $30 million Series B round, the move, supported by M&G’s ‘Crossover strategy,’ aims to create a regulated platform for cryptocurrency derivatives, providing a bridge for traditional finance into the crypto realm. GFO-X’s aim is FCA-regulation for crypto derivatives, fostering innovation while addressing market growth challenges.
UK asset manager M&G invests $20M in Bitcoin derivatives exchange
