GC Exchange FZE (GCEX), a part of the GCEX Group, has announced the appointment of Saeed Al Darmaki as the Non-Executive Director for the UAE region.

Bringing a wealth of connections and experience in the digital asset industry, Saeed Al Darmaki is set to focus on fostering growth for GCEX. The company holds an Operational Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA).

A notable figure in the UAE's blockchain and cryptocurrency domains, Al Darmaki serves as the CEO of Sheesha Finance and is a co-founder of the Alphabit investment fund. His professional journey commenced in traditional finance at the Abu Dhabi Investment Authority (ADIA), where he spent nine years. Al Darmaki has undertaken numerous advisory and Board Director positions, contributing to the expansion of innovative enterprises.

Mehtap Önder, the Managing Director of GCEX Dubai, expressed, “We are thrilled to have Saeed join our Board. With his extensive network, industry insight, and regional familiarity, he will be a valuable addition to GCEX, enabling us to leverage growth opportunities and realize our potential in the region.”

Voicing his excitement, Saeed Al Darmaki stated, “This presents a significant opportunity for me to further engage in the crypto ecosystem within the region. Having known the GCEX team and their investors, True Global Ventures, for some time, they align with my criteria of credibility, integrity, and growth aspirations. I am confident that my combined traditional finance and decentralized finance expertise, along with my local infrastructure understanding, will enhance the company's value proposition.”

Established its Dubai office in July 2022, GCEX offers institutional and professional clients access to deep liquidity on digital assets, along with trading and conversion services. The company supports AED and SAR transactions, in addition to various other fiat and cryptocurrencies. Prioritizing client safeguarding, GCEX collaborates solely with regulated institutional digital custodians and staking providers, segregating all client funds in Client Money Accounts.

Headquartered in London with multiple global branches, GCEX operates under the regulation of the UK’s FCA, is registered with the Danish FSA as a VASP and currency exchange, and is regulated as a VASP by VARA. True Global Ventures holds investments in GCEX.