M&G backs bitcoin derivatives exchange with £20m investment

Investment into GFO-X

James Baxter-Derrington
clock • 1 min read

M&G Investments has invested $20m into a centrally-cleared trading house for digital currency asset derivatives.

The investment in Global Futures & Options Holdings (GFO-X) has been made in response to institutional investor demand, according to M&G, which cited a 2022 BNY Mellon survey that found 91% of institutional investors are "interested in tokenised products". GFO-X is set to become the UK's first Financial Conduct Authority-regulated exchange for digital currency asset derivatives, according to M&G, thanks to its strategic partnership with London Clearing House. M&G suspends open-ended UK property fund ahead of closure The investment comes from M&G's Crossover strategy, led by the fir...

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