Pensions giant invests US $20m into a UK crypto derivatives trading platform
<p>A report on the asset management arm of pensions giant M&G Plc said it had invested US$20 million into a UK crypto derivatives trading platform</p><ul><li>M&G Investments stake is part of a $30 million series B funding round for Global Futures and Options Ltd., also known as GFO-X.</li><li>capital provided by M&G’s Crossover strategy on behalf of its £129 billion Prudential With-Profits Fund</li></ul><p>Info comes via Bloomberg (gated)</p><p>***</p><p>Earlier on crypto:</p><ul><li><a href="https://www.forexlive.com/Cryptocurrency/bitcoin-dropping-sharply-back-under-us-43k-20231211/" target="_blank" rel="follow" data-article-link="true">Bitcoin dropping sharply back under US $43K</a></li></ul><p>Update:</p>
This article was written by Eamonn Sheridan at www.forexlive.com.
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