GC Exchange (GCEX), a digital asset and currency technology solutions provider, has revealed plans to move to Scotland, the latest in a string of new investments in the country.

As part of the investment, a total of 26 jobs will be created, supported by a £350,000 Regional Selective Assistance (RSA) award from Scottish Enterprise.

Scottish Government Cabinet Secretary for Finance, Kate Forbes, said: “We are doing everything possible to help Scotland realise its full potential in an increasingly digital world. That means investing in digital skills, infrastructure and technology.

“The Scottish Government, through Scottish Enterprise, recognises the importance of supporting companies like GCEX to enhance Scotland’s expertise in that area – creating jobs and training opportunities in the process.

“This is an exciting time for our Fintech sector, after it recently gained accreditation as a European Cluster of Excellence.”

Alongside Scottish Enterprise, GCEX has also engaged with national skills body, Skills Development Scotland (SDS), to support the company accessing the talent it requires for its Glasgow facility.

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Head of growth and inward investment at SDS, Marion Beattie, said: “More and more companies like GCEX are citing the talent pool as one of the primary reasons for investing in Scotland, which reflects the strengths of our highly-skilled and innovative workforce.

“Skills Development Scotland has worked as part of ‘Team Scotland’ to show GCEX how we can help them identify their skills needs and build a talented team at their new Glasgow base, and we’ll continue working with them so they can develop a skills pipeline that will help them grow their business.”

GCEX’s arrival into Glasgow is a positive move for Scotland’s fintech sector. At the end of January, the sector became the first in the UK, and only the third in Europe, to receive formal accreditation as a cluster of excellence.

The Scottish cluster was founded as an independent industry organisation by the financial services sector, universities, the Scottish Government and Scottish Enterprise, and is overseen by FinTech Scotland.