TP ICAP Receives FCA Registration for Wholesale Cryptoasset Exchange

TP ICAP, a provider of market infrastructure, announced that Fusion Digital Assets – its wholesale marketplace for spot cryptoassets – has successfully registered as a cryptoasset exchange provider with the UK’s Financial Conduct Authority (FCA). The trading venue, which is for institutional market participants only, will be operated by Tullett Prebon (Europe) Limited. The platform combines three integrated elements: Fusion, TP ICAP’s proprietary OTC electronic platform, providing clients with a non-custodial cryptoasset exchange for order matching and trade execution; Fidelity Digital Assets, a custodian, providing independent safe keeping of clients’ inventories and settlement services through a segregated model; and Diversified Liquidity, anonymously aggregating streaming liquidity from the world’s leading market makers and uncorrelated liquidity from across TP ICAPs global client base.