GCEX, a Financial Conduct Authority-regulated digital brokerage, has opened an office in Kuala Lumpur, with investment from True Global Ventures, the venture capital firm.
The expansion into Malaysia is part of a wider effort to enhance GCEX’s service for its growing client base in Asia.
The first team member in operations has already joined the firm, with four additional hires planned by May 2022.
Founded in 2018, GCEX provides a digital asset and FX platform for liquidity providers, lending counterparties and digital custody asset institutions.
GCEX is headquartered in London, with offices in Scotland and Denmark. Its office in Denmark opened in September 2021.
Lars Holst, founder and CEO of GCEX (pictured), says, “Expanding our global footprint into Asia is a significant development for GCEX and a key milestone in our growth strategy. We selected Kuala Lumpur as our Asia hub as we believe it is one of the fintech capitals of Asia, with a strong pool of talent for us to access as we grow the business.
He adds: “The investment we received from True Global Ventures (TGV4 Plus) is helping to fuel our expansion, enabling us to capitalise on the growing demand we are seeing for our modular end-to-end plug and play trading platform for digital assets and foreign exchange.”
