- The UK’s Financial Services Authority has licensed TP ICAP as a digital asset provider.
- Fusion Digital Assets plans to enter into the crypto world.
TP ICAP, the world’s largest interdealer-broker, has licensed as a digital asset provider with the UK’s Financial Services Authority in an attempt to enter into the crypto world through its Fusion Digital Assets platform.
The company, a giant in the spot market for traditional finance (TradFi), is partnering alongside custodian Fidelity Digital Assets to provide a platform for connecting orders and conducting spot crypto trades.
Duncan Trenholme, co-head of digital assets at TP ICAP Group, said that.
“Recently, the wholesale market for digital assets lacked the reliable foundation and certainty that allowed participants in the financial sector to invest resources. They anticipate that traditional asset classes will eventually be tokenized as a result of blockchain technology.”
Tullett Prebon (Europe) Ltd., the company’s full name, has been on the FCA’s crypto company registration since Nov. 21. The record attests to compliance with money laundering legislation, while the UK Treasury considers a more comprehensive legal regime for crypto authorizations.
In January, TP ICAP started offering clients services in crypto-linked exchange-traded products (ETPs) in another sign of the growing mainstream adoption of digital assets.
