12.10.2024

GFO-X Names Strategic Partners Before Launch in 2025

12.10.2024
GFO-X Names Strategic Partners Before Launch in 2025

GFO-X is the UK’s first regulated and centrally cleared trading venue dedicated to digital asset derivatives. GFO-X has been working closely with these partners to deliver the requirements necessary to grow the institutional digital asset index futures and options market.

GFO-X provides a cutting-edge trading platform built for institutions, delivering investors a secure and efficient trading environment to seamlessly manage digital asset exposure.

The company looks forward to announcing additional exciting partnerships with leading financial institutions in the immediate future.

Arnab Sen, CEO and Co-Founder of GFO-X, said, “We are delighted to announce our strategic partners as we drive towards launch in Q1 next year. Their support is a clear and strong endorsement of our vision of the market structure required to deliver digital asset derivatives to large institutional clients. It demonstrates the need for a highly regulated venue to bring additional depth, breadth, and diversification to the current limited choices in centrally cleared digital asset index derivatives. We believe the digital asset derivatives market will grow exponentially over the coming years.”

Barry Polak, Lead Product Commerce, ABN AMRO Clearing, said, “We are excited to partner with GFO-X, the UK’s first regulated and centrally cleared trading venue dedicated to digital asset derivatives. This strategic collaboration underscores our shared commitment to advancing the institutional digital asset futures and options market. By leveraging LCH DigitalAssetClear’s clearing services, we enhance transaction security and minimise counterparty risk, offering our clients unparalleled confidence in trading Bitcoin futures and options. A logical step to continue to lead the way to safe and transparent markets.”

Osi Lilian, IMC Strategic Investments Co-Lead, said, “IMC was proud to be one of the earliest investors in GFO-X in 2021. We aligned with their vision of establishing the UK’s first regulated and centrally cleared trading venue for digital asset derivatives, built on secure, high-performance technology and robust risk management. As a market maker, our strategic connection with GFO-X underscores our commitment to the institutional digital asset futures and options market – a rapidly evolving space we believe holds significant potential for continued growth and opportunity.”

Andy Ross, Global Head, Prime & Financing, Financing & Securities Service, Standard Chartered, said, “We’re delighted to support the launch of GFO-X derivatives and to join LCH SA as a general clearing member to enable our clients to trade and clear. We continue to invest in servicing our clients broadly across the crypto space in coin, token and derivative form.”

“Virtu makes markets globally and is excited to support new and innovative platforms for digital assets in this role. We see broadening adoption and increasing demand as the crypto markets continue to mature and embrace the risk management benefits and capital efficiencies of centralised clearing.”

Source: GFO-X

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