Standard Chartered partners with TP ICAP to expand institutional crypto trading access
Standard Chartered has been named the digital asset custodian and settlement agent for TP ICAP's Fusion Digital Assets platform. The partnership expands access to regulated crypto trading for institutional clients. Both firms aim to boost adoption by combining their market expertise and infrastructure.
TP ICAP launched Fusion Digital Assets in 2024, enabling trading for 45 institutional clients. The platform operates under TP ICAP E&C Limited, which is registered with the UK's Financial Conduct Authority (FCA).
Under the new agreement, Standard Chartered's custody solution and TP ICAP's UK-based spot crypto exchange are now available to shared clients. This collaboration also supports TP ICAP's expansion of matched principal trading activities.
Margaret Harwood-Jones, Global Head of Financing & Securities Services at Standard Chartered, welcomed the deeper partnership. Duncan Trenholme, Managing Director and Global Co-Head of Digital Assets at TP ICAP, noted that the deal allows TP ICAP to settle blockchain-based assets directly through its own accounts for the first time.
The partnership merges TP ICAP's market infrastructure with Standard Chartered's regulated digital asset capabilities. Institutional clients gain access to a broader range of crypto services. The move is expected to strengthen the adoption of digital assets in regulated markets.
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