GlobalBlock, part of GCEX Group, launched its digital assets offering for UK clients on Wednesday, with cryptoasset financial promotions approved for communication by FCA-authorised firm Archax.
The offering, accessible via globalblock.co.uk, targets high-net-worth individuals, family offices, asset managers, and corporate entities. Eligible clients can access OTC execution, portfolio solutions, and crypto settlement and invoicing tools, backed by GCEX Group’s institutional infrastructure and liquidity relationships.
Archax will approve GlobalBlock’s marketing communications. That is a different status from being FCA-regulated for crypto. GlobalBlock and GCEX Group are not authorised or regulated by the FCA for cryptoasset services, as crypto remains largely outside the UK’s regulatory perimeter. GCEX does hold separate FCA authorisation for FX and CFD products.
Archax operates a dedicated Section 21 approval service for crypto firms. Ben Brown, Chief Compliance Officer at Archax, said: “Through this service, our mission is to be the partner for leading names in crypto to enable them to navigate the complex FCA financial promotions regime effectively. We are pleased to support GlobalBlock in engaging with UK audiences in a fully Financial Promotions compliant manner.”
Service positioning
The UK site gives eligible clients access to the same group infrastructure GCEX already uses across its broader digital asset business. David Thomas, Co-Founder of GlobalBlock, said the launch represented “a genuinely complete digital assets offering for clients who want to trade, invest, and transact in crypto with confidence.”
“Backed by GCEX Group’s depth of relationships, liquidity and infrastructure, GlobalBlock can now deliver that proposition at scale, within a framework designed to meet UK financial promotions requirements,” Thomas said.
The result is that GCEX can market a fuller UK-facing crypto proposition while the country’s broader crypto regulatory framework remains incomplete.
Group context
GCEX Group completed its acquisition of GlobalBlock Europe UAB in September 2025. At the time, GlobalBlock was described as a specialist crypto brokerage and asset management firm for high-net-worth clients, managing over $60 million in client assets. The deal was supported by investment from True Global Ventures.
In February, the group used the GlobalBlock brand to launch GB Yield, a stablecoin-based yield product aimed exclusively at professional and institutional clients.
Lars Holst, Founder and CEO of GCEX Group, said the UK launch sits alongside the group’s MiCA authorisation in Denmark and VARA licence in Dubai as part of a multi-jurisdictional regulatory framework.
“Our clients, whether high-net-worth individuals, family offices, asset managers or corporates, can engage with us knowing that we seek to maintain strong governance and controls, aligned to the requirements of the relevant entity and jurisdiction in which we operate,” Holst said.
