By Karen Peattie
A TECHNOLOGY company specialising in digital assets is the latest international firm to expand into Scotland.
Currently operating out of London and Switzerland, GCEX is to open a new facility in Glasgow to help drive its global growth, creating 26 new jobs which are supported by a £350,000 Regional Selective Assistance (RSA) award from Scottish Enterprise which will provide the grant in instalments as the project reaches agreed milestones.
Part of the GC Group, GCEX was established in 2018 in response to demand for regulated and compliant exposure to the digital asset market.
Authorised and regulated by the Financial Conduct Authority, GCEX provides funds, brokers, asset managers, professional traders and banks with an advanced suite of integrated financial technology products.
Lars Holst, chief executive and founder of GCEX, said that the new service hub “will allow us to improve upon our market-leading operations and is testament to the continuing growth of GCEX”.
Mr Holst added: “Scottish Enterprise was imperative in providing us with the tools and knowledge required in ensuring the process was swift and we very much appreciate their ongoing support.”
The Scottish fintech sector became the first in the UK and only the third in Europe to receive formal accreditation as a “cluster of excellence” at the end of January.
Scottish Government Cabinet Secretary for Finance, Kate Forbes, acknowledging that “this is an exciting time for our fintech sector”, said: “We are doing everything possible to help Scotland realise its full potential in an increasingly digital world. That means investing in digital skills, infrastructure and technology.
“The Scottish Government, through Scottish Enterprise, recognises the importance of supporting companies like GCEX to enhance Scotland’s expertise in that area – creating jobs and training opportunities in the process.”
Alongside Scottish Enterprise, GCEX has engaged with national skills body Skills Development Scotland (SDS) to help access the talent it requires for the new Glasgow facility.
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