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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-<a rel="dofollow" title="regulated" href="https://thebittimes.com/tag/regulated.html">regulated</a> and centrally-cleared trading venue for digital currency asset <a rel="dofollow" title="derivatives" href="https://thebittimes.com/tag/derivatives.html">derivatives</a> 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;funding round, 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 <a rel="dofollow" title="regulated" href="https://thebittimes.com/tag/regulated.html">regulated</a> 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> 
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 <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 <a rel="dofollow" title="regulated" href="https://thebittimes.com/tag/regulated.html">regulated</a> 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> 
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  <svg class="cn-block-related-link__icon icon" aria-hidden="true"> <use xlink:href="#"></use> 
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> UK crypto regulation in focus as BOE targets stablecoins for 2024 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/m-g-invests-20m-in-uk-s-first-regulated-bitcoin-derivatives-exchange-tbt73327.html">https://thebittimes.com/m-g-invests-20m-in-uk-s-first-regulated-bitcoin-derivatives-exchange-tbt73327.html</a></p>

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

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