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Transformative Shift: COTI Leads the Future of Privacy with Ethereum Layer 2 Adoption

million, to fuel the holistic development of its ecosystem. This initiative is designed to support projects and developers who are aligned with COTI's mission of enhancing privacy, security, and scalability within the Ethereum ecosystem. The Ecosystem Growth Fund represents a significant investment in the future of blockchain technology and underscores COTI's dedication to fostering innovation and growth within the industry. Advancing Privacy with Garbling Circuits Technology COTI's transition to Ethereum Layer 2 signifies a strategic shift towards scalable privacy solutions within the blockchain space. The adoption of Garbling Circuits technology enhances the speed, efficiency, and security of COTI V2, positioning the firm as a pioneer in privacy-focused initiatives. Garbling Circuits technology opens doors to a wide range of applications, including privacy-preserving wallets, decentralized exchanges (DEXs), private AI training, governance mechanisms, and more. Part

GCEX Receives Operational VASP Licence from VARA: Revolutionizing Digital Asset Services in Dubai

GC Exchange FZE (GCEX), a subsidiary of the GCEX Group, has recently been granted an Operational VASP Licence for VA Broker Dealer services from Dubai's Virtual Asset Regulatory Authority (VARA). This development allows GCEX to commence market operations as a Virtual Asset Service Provider (VASP) in the Emirate of Dubai, providing brokers, hedge funds, family offices, and professional traders with access to its deep liquidity in digital assets and a range of technology solutions.

GCEX, which opened its Dubai office in July 2022, previously received its MVP (Minimal Viable Product) Preparatory License from VARA in February 2023. With the acquisition of the Operational VASP Licence, GCEX can now fully engage in the provision of Virtual Asset Broker Dealer services, further solidifying its presence in the region.

The GCEX Group specializes in facilitating institutional access to digital assets through its proprietary XplorDigital trading solutions. This technology-agnostic platform encompasses various aspects of the trading process, including regulation, regulated custody, fund safety, tier 1 liquidity, and both back-end and front-end technology. GCEX's commitment to client protection is underscored by its partnerships exclusively with regulated institutional digital custody and staking providers, as well as its rigorous segregation of client funds.

Mehtap ├ľnder, the Managing Director of GCEX in Dubai, expressed the company's pride in being among the first firms to receive a VASP Operating Licence for Virtual Asset Broker Dealer services, as well as the first to gain approval to operate with a client money account. ├ľnder emphasized the importance of being a regulated entity in the region, as it allows GCEX to demonstrate its commitment to adhering to international standards, implementing robust processes, and prioritizing transparency and investor protection. This achievement is a significant milestone for GCEX's business and plays a crucial role in its growth strategy, enabling the company to establish a stronger presence in the region.

In addition to its Virtual Asset Broker Dealer services, GCEX Group enables institutional clients to access deep liquidity in FX and CFDs on digital assets, as well as engage in digital assets spot trading and conversion. With its broad range of trading solutions, GCEX aims to meet the diverse needs of institutional clients seeking exposure to digital assets. Headquartered in London, GCEX has a strong global presence and is well-positioned to cater to the evolving demands of the digital asset industry.

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