GCEX Group, a regulated digital prime broker, has acquired GlobalBlock Europe UAB, a crypto brokerage firm and asset manager. 

This acquisition is part of GCEX’s strategy to broaden digital assets offerings for asset and wealth managers.  

GlobalBlock EU manages more than $60m in client assets, with a focus on high-net-worth individuals.  

The company’s wealth and asset management offerings include GB10, a diversified cryptocurrency portfolio that is rebalanced monthly. It also offers payment solutions that enable clients to handle invoices and payments in cryptocurrency, alongside crypto treasury management. 

The combination merges GCEX’s expertise in regulated multi-asset trading and liquidity provision with GlobalBlock’s capabilities in wealth management and fintech. 

Both companies anticipate achieving synergies in client onboarding, technology integration, and global scaling. 

The collaboration aims to enhance client onboarding by merging GCEX’s liquidity and regulatory framework with GlobalBlock’s AI-driven fund management technology. 

GCEX founder and CEO Lars Holst said: “Acquiring GlobalBlock is a strategic leap forward for GCEX, expanding our footprint, our client base, our team, and our capabilities. 

“GlobalBlock’s founders have built a standout, profitable firm, with world-class products, providing innovative diversification strategies for clients. 

“Our firms have complementary technology and shared values in terms of innovation, service and integrity.” 

GCEX holds multi-jurisdictional licences in the UK, Denmark, and Dubai.  

GlobalBlock co-founder David Thomas said: “We are excited to join forces with GCEX. Their strong regulatory licences and global reach perfectly complement our business model. 

“This partnership allows us to expand our wealth management and digital asset solutions while continuing to operate under the GlobalBlock brand that our clients trust.”