Mohammed A. Mulla joins GCEX Dubai as board member

GCEX has appointed former Finalto MENA executive Mohammed A. Mulla to the board of its Dubai-based entity, GC Exchange FZE.

GCEX is a Virtual Asset Service Provider (VASP) regulated by the UAE's Virtual Asset Regulatory Authority (VARA). The company is authorized to operate as a broker-dealer.

Mulla was Finalto's founding vice president for the MENA and Asia regions. During his 16-year tenure at the company, formerly known as CFH, he was involved in approximately $2 trillion in straight-through processing (STP) trading volume.

In 2019, Mulla created and launched Noor Clearing, a strategic partnership between Finalto and Noor Capital PSC. The partnership followed Noor Capital's transition from regulation by the UAE Central Bank to regulation by the Securities and Commodities Authority (SCA).

Mulla started his capital markets career in 2007 as an EMEA sales associate at ODL Securities in the UK. Before that, he worked as an auditor at Ernst & Young in Saudi Arabia. He holds an MSc in International Finance from Westminster Business School in London, along with certificates in Securities and Regulations from the Chartered Institute for Securities & Investments (CISI).

Lars Holst, founder and CEO of GCEX, said:

"I've worked with Mohammed since the early days of CFH and have followed his career for almost a decade. He brings strong regional knowledge, an impressive track record, and an extensive network. I'm delighted to welcome him to GCEX as we pursue growth opportunities in the region and internationally."

Mulla added:

"This is an exciting move for me. Lars is a visionary who has built GCEX's crypto offering around principles I strongly support: STP access to Tier 1 liquidity, no conflict of interest with clients, and a focus on long-term relationships that benefit both sides. He has also assembled an experienced team to advance that vision, including several of my former colleagues from CFH. I'm looking forward to working with them again.

"GCEX has significant room for growth. The company combines strong regulatory foundations, capital markets expertise, and a focus on blockchain technology, as digital assets and tokenized real-world assets gain a larger role in global financial markets.

"GCEX has already established a strong position in the region. It was among the first firms to receive a VASP Operating Licence from VARA for virtual asset broker-dealer services. The company was also the first to receive approval to operate with a client money account.

"I'm excited to join GCEX and look forward to helping lead the company through its next stage of growth."

About GCEX

GCEX Group provides institutional and professional clients with access to liquidity for CFDs on digital assets and foreign exchange. It also supports spot trading and digital asset conversion.

Through its XplorDigital suite, GCEX offers forex brokerage and crypto-focused technology solutions. The suite includes the XplorDigital App, as well as its "Crypto in a Box" and "Broker in a Box" offerings. These solutions cover regulatory requirements, custody, staking, client fund protection, Tier 1 liquidity, connections to leading price makers, risk management, and technology integrations.

GCEX is headquartered in London and has offices in several countries. The company is regulated by the UK's Financial Conduct Authority (FCA). It is also authorized and regulated by the Danish Financial Supervisory Authority (Finanstilsynet) as a Crypto-Asset Service Provider under the European Union's Markets in Crypto-Assets Regulation (MiCA), as well as a currency exchange.

In Dubai, GCEX holds a Virtual Asset Service Provider license from VARA. True Global Ventures is an investor in GCEX.