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<p class="is-style-lead">London-based global investment manager M&amp;G Investments has injected $20 million into Global Futures &amp; Options Holdings, positioning it as the first FCA-regulated and centrally-cleared trading venue for digital currency asset derivatives in the U.K.</p> 
<p>According to the Dec. 11 announcement, the strategic partnership, in collaboration with London Clearing House, aims to meet the increasing demand from institutional investors.</p> 
<h2 class="wp-block-heading" id="growing-institutional-interest">Growing institutional interest&nbsp;</h2> 
<p>In a recent series B&nbsp;<a href="https://www.mandg.com/news-and-media/press-releases/mandg-investments/2023/11-12-2023b" target="_blank" rel="noreferrer noopener">funding round</a>, M&amp;G’s Crossover strategy allocated capital from the $162 billion Prudential With-Profits Fund to Global Futures &amp; Options Holdings (GFO-X). The investment underscores M&amp;G’s commitment to advancing the digital asset landscape and marks a significant development in meeting institutional investors’ evolving needs for diversified and regulated investment options.</p> 
<p>“Evolving regulation will bring digital assets into mainstream finance,” Arnab Sen, GFO-X chief executive, said in a release. “This transition demands traditional market structures to solve the multiple risks currently associated with the digital asset market.”</p> 
<p>The news comes at a time when reports highlight that institutional interest in tokenized products continues to rise, with 91% expressing interest and 41% already holding cryptocurrencies.&nbsp;</p> 
<p> You might also like: <a href="https://crypto.news/crypto-com-secures-e-money-license-from-uk-regulator/"> Crypto.com secures e-money license from UK regulator </a> </p> 
<h2 class="wp-block-heading" id="governance-incoming">Governance incoming</h2> 
<p>The move comes against the backdrop of the U.K.’s implementation of regulations for digital currencies, reflecting a global trend toward standardized governance.&nbsp;</p> 
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<p>Notably, this development, alongside continued funding for regulated exchanges, is in sharp contrast to the U.S., which has not yet introduced a comprehensive framework for stablecoins and the broader cryptocurrency market.</p> 
<p> Read more: <a href="https://crypto.news/uk-crypto-regulation-in-focus-as-boe-targets-stablecoins-for-2024/"> UK crypto regulation in focus as BOE targets stablecoins for 2024 </a> </p>

M&G invests $20m in UK’s first regulated Bitcoin derivatives exchange

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