Pension Fund M&G Invests $20 Million Into UK Crypto Derivatives Platform GFO-X
The asset management arm of pensions giant M&G Plc said it had invested $20 million into a UK crypto derivatives trading platform, marking a step forward in returning institutional confidence in digital assets after the collapse of FTX last year.
M&G Investments took the stake as part of a $30 million series B funding round for Global Futures and Options Ltd., also known as GFO-X. The capital was provided by M&G’s Crossover strategy on behalf of its £129 billion Prudential With-Profits Fund, the asset manager said in a statement on Monday.
