GCEX (GCEX Group) has acquired GlobalBlock, a specialist crypto brokerage and asset management firm catering to high-net-worth individuals (HNWIs) with more than $60 million in client assets.
This strategic acquisition extends GCEX’s footprint beyond its established OTC, conversion, and technology services, enabling the firm to broaden its digital asset proposition for asset and wealth managers.
Synergies in Wealth Management and Technology
The partnership brings together GCEX’s expertise in regulated multi-asset trading and Tier 1 liquidity with GlobalBlock’s proven track record in fintech innovation and wealth management. Both firms share a strong focus on service, security, and transparency, and expect to achieve significant synergies across client onboarding, technology integration, and international expansion.
Leveraging GCEX’s multi-jurisdictional licenses in the UK (FCA), Denmark (FSA/EU), and Dubai (VARA), the combined entity will accelerate client onboarding and expand market reach. Importantly, GCEX holds an Operational Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), strengthening its presence in the UAE as a regulated hub for digital assets.
The integration will also combine GCEX’s liquidity solutions with GlobalBlock’s proprietary AI-driven fund management technology, giving asset managers access to advanced portfolio tools and innovative wealth strategies.
Leadership Perspectives
Lars Holst, Founder & CEO of GCEX Group, stated:
“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.”
He added that the deal strengthens GCEX’s ability to compete at the top tier of both digital assets and traditional finance: “By joining forces with GlobalBlock we are strengthening our position to compete in the top tier of Digital and TradFi. Our combined clients will gain access to broader product suites, market leading pricing, and cutting-edge trading platforms, with the highest levels of data security.”
David Thomas, Co-Founder of GlobalBlock, commented:
“We are excited to join forces with GCEX. Their strong regulatory licenses 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.”
Jesper Ronald Petersen, Chairman of GCEX, highlighted the collaborative nature of the deal:
“It is with great pleasure to be able to announce the friendly acquisition of GlobalBlock. Acknowledging each company’s core strengths and values and the market trends, both sides went into this transaction with a positive mindset, seeing the obvious benefits for the combined business. Add to this the constructive process from our main investor, True Global Ventures, and the DLA Piper deal team, we set off and completed fast and strong. This bodes well for a seamless integration by our highly skilled employees with benefits to both shareholders and, most importantly, our clients.”
GCEX’s Digital Trading Edge and GlobalBlock’s Wealth Solutions
Headquartered in London with multiple global offices, GCEX Group empowers institutional and professional clients to access deep liquidity in CFDs on digital assets and FX, alongside spot trading and conversion. Its XplorDigital suite offers Forex brokerage and crypto-native technology solutions, including “Crypto in a Box” and “Broker in a Box,” designed to address regulation, custody, liquidity, risk management, and platform connectivity.
GlobalBlock Europe, UAB, based in Lithuania, provides digital wealth and asset management solutions, including GB10, a diversified portfolio of the top 10 cryptocurrencies rebalanced monthly. Its proprietary app enables tailored portfolio management, while its payment services allow clients to settle invoices and manage treasury functions in cryptocurrency.
Strategic Outlook
The acquisition positions GCEX to compete more aggressively in the global wealth and asset management space, particularly as demand for regulated crypto services accelerates. With its strong regulatory framework across the UK, EU, and Dubai — where it holds an Operational VASP license from VARA — GCEX is poised to become a leading player bridging traditional finance and digital assets.
