Canadian blockchain tech company Helix Applications has completed its acquisition of GlobalBlock Limited. GlobalBlock is now a wholly-owned operating subsidiary.
Based in the United Kingdom, GlobalBlock is a digital asset broker offering a personalized telephone broking service, trading platform, and mobile app. It has been temporarily registered under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 as a cryptoasset business until March 31, 2022, pending its application by the Financial Conduct Authority.
“As we worked to complete the transaction with GlobalBlock over the past few months, GlobalBlock has been building out its team by adding to its sales, business development and marketing functions,” Helix CEO Rufus Round said. “Plans for new products and services are already underway as the new combined business aims to become the leading provider of digital asset broking services in the UK and beyond.”
“We believe that our service-led, transparent and secure digital asset platform is a standout to other digital asset trading and custody offerings,” new GlobalBlock COO David Thomas added. “Firstly, being UK based and adhering to the highest of regulatory standards is a must in today’s digital asset environment and secondly having a team that has such a wealth of experience in building successful financial services businesses.
“We are hugely excited to complete this this business combination, which allows us to continue to focus on our growth and development within the digital asset space, making us well placed to become the number one digital asset broker within the UK market and beyond.”
GlobalBlock currently offers service to the United Kingdom and Ireland residents.