M&G Plc, a UK asset management firm, has invested $20 million in the bitcoin derivatives platform GFO-X. The investment aims to support regulated trading of digital assets and meet the demand from institutional investors. GFO-X has a partnership with London Clearing House, which is regulated by the Financial Conduct Authority (FCA) and will serve as a clearing house and trading venue for digital currency asset derivatives. The funding was led by M&G's public equity investment division and provided by M&G's Crossover strategy in a series B funding round on behalf of its Prudential With Profits Fund. The lack of regulated trading venues has hindered the growth of the digital currency trading market, and M&G believes that the UK has the potential to become a global hub for digital asset technology and investment. GFO-X will target traditional financial institutions interested in trading digital currency derivatives in a safe and regulated environment. According to a survey, there is significant demand from institutional investors for infrastructure and tokenized products.
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