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M&G Plc, a large investment firm based in the United Kingdom, announced that its pension arm has invested $20 million in GFO-X, a cryptocurrency derivatives exchange.
In recent years, cryptocurrency investments by retirement service providers have seen significant growth.
M&G Plc, one of the largest financial services companies in the UK with assets under management of around $470 billion, has made a $20 million investment in Global Futures & Options (GFO-X), one of the UK’s cryptocurrency derivatives exchanges.
Of the $30 million raised in GFO-X’s Series B funding round, $20 million came from Pension Fund M&G. It was announced that this amount came from the company’s fund called “Prudential With Profits Fund”.
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