Fundraising
About GFO-X
GFO-X, the UK-regulated digital asset derivatives venue, has made significant strides in H1 2026. On July 7, 2026, the platform achieved record daily notional trading volume of $100 million, with open interest surpassing $80 million, reflecting growing institutional liquidity and adoption.
Strategically, GFO-X is expanding into Abu Dhabi after receiving In-Principle Approval from the Financial Services Regulatory Authority (FSRA) of ADGM. This expansion, targeting a 2026 launch, will establish a Recognised Investment Exchange (RIE) and Recognised Clearing House (RCH), enabling 24/7 trading and clearing. The new entity will support both cash-settled and physically delivered derivatives, and broaden the product suite to include prediction markets, securities, and commodities.
Future roadmap focuses on enhancing collateral mobility by integrating digital assets as margin, and deepening liquidity through partnerships with major clearing houses like LCH DigitalAssetClear. The platform aims to bridge the gap between traditional finance and digital assets, offering regulated, centrally cleared volatility exposure to risk-aware institutional investors.
GFO-X is a UK FCA-regulated digital asset derivatives trading venue. Its co-founders are:
Arnab Sen (Co-founder & CEO): Previously founded Harbour Capital Management and held senior portfolio roles at Nezu Asia, HSZ Limited, and UBS Warburg. Cambridge graduate with deep cross-market investment and trading experience.
Raj Melwani (Co-founder, CFO & CCO): Held senior leadership at Harbour Capital Management, Bank of America Merrill Lynch, UBS Securities Asia, and Barclays Capital. Background spans APAC equities, derivatives, institutional sales, and licensed oversight.
Jon Mann (Co-founder & CTO): Formerly at Eclipse Trading, Orc Software, IBM Global Services, and Sun Microsystems. Over 20 years of leadership scaling engineering teams and delivering mission-critical platforms in regulated markets.