Crypto Avanza
    Facebook X (Twitter) Instagram
    Trending
    • CBUAE & People’s Bank of China renew currency exchange deal
    • DHA Collaborates with Ecommerce Gateway for Innovative ‘Tech Talk’ Seminar
    • DL News Announced as Media Partner for Abu Dhabi Finance Week 2023
    • Sam Altman Returns: Balancing Innovation & Ethics at OpenAI
    • Author Julian Sancton Sues OpenAI and Microsoft Over AI Training
    • Phoenix Group PLC’s Blockbuster IPO Sets Stage for ADX Listing
    • FSRA’s 2024 Vision: Pioneering Virtual Asset Innovation in ADGM
    • OKX & Polygon Labs Set Stage for Web3 Evolution with X1 Ethereum ZK Layer-2
    • Who We Are
    • Work With Us
    • Sitemap
    Facebook X (Twitter) Instagram
    Crypto AvanzaCrypto Avanza
    Subscribe
    Saturday, December 9
    • Business
    • Bitcoin
    • Ethereum
    • Web3
    • Defi
    • Research
    • About Us
    Crypto Avanza
    Home » TP ICAP gets permission from FCA to offer crypto services to institutions

    TP ICAP gets permission from FCA to offer crypto services to institutions

    OwaisBy OwaisDecember 2, 2022Updated:August 22, 2023 News No Comments2 Mins Read
    TP ICAP gets permission from FCA to offer crypto services to institutions
    Image Credits: Unsplash
    Share
    Facebook Twitter LinkedIn Pinterest Email

    TP ICAP: The new business will also work with Fidelity Digital Assets to keep clients’ assets safe and provide settlement services.

    UK Financial Conduct Authority (FCA)

    The UK’s Financial Conduct Authority (FCA) has given the capital markets company TP ICAP permission to sign up as a cryptoasset exchange provider.

    Fusion Digital Assets, TP ICAP’s new exchange, will use Fusion, the company’s electronic OTC platform, to give clients access to a non-custodial cryptoasset exchange for matching orders and executing trades. The new place to trade for the interdealer broker will only be for institutional clients.

    The new business will also work with Fidelity Digital Assets to keep clients’ assets safe and provide settlement services. The platform will have a wide range of Liquidity from trusted market makers all over the world.

    Duncan Trenholme, co-head of digital assets at TP ICAP Group, said that the wholesale crypto market “lacked the credible infrastructure and assurance necessary for the firm’s traditional client base to allocate capital.”

    Institutional players are aware of the firm’s separate model, track record of running venues, and ability to distribute, said Trenholme.

    Read More: Crypto Winter is here Cryptocurrency Exchange fires 1,100 global workforce

    Even though crypto is going down right now, Trenholme said that blockchain technology would lead to traditional asset classes being turned into tokens. “This will make the trading and settlement process on financial markets faster, more automated, and less risky,” he said.

    The business is committed to a model with multiple custody. The company will work closely with a number of custodians to give its clients custody services that are both separate and compatible. Over the next few years, custodians will come online based on what people want and what they think is most important.

    Crypto FCA TP ICAP UK
    Owais
    • Facebook
    • X (Twitter)
    • Pinterest
    • Instagram
    • LinkedIn

    Owais is a skilled professional with a strong background in web editing and social media marketing. As a Web Editor, he possesses a keen eye for detail and a flair for crafting engaging online content. Additionally, Owais leverages his expertise as a Social Media Marketer to effectively promote brands and drive audience engagement. Having completed his Bachelor's degree in BA from Karachi University, Owais gained a comprehensive understanding of various subjects within the humanities. This educational foundation, combined with his passion for digital media, has allowed him to excel in his role as a Web Editor and Social Media Marketer. With a focus on delivering captivating and impactful content, Owais consistently strives to enhance the online presence of brands and effectively communicate their messages to a wide audience. Through his strategic approach and creative insights, he has successfully built and managed social media campaigns that have generated significant reach and engagement. Owais's ability to effectively leverage digital platforms and optimize content for online consumption has proven invaluable in the ever-evolving landscape of web editing and social media marketing. His dedication to staying up-to-date with the latest trends and techniques ensures that he remains at the forefront of digital strategies, enabling him to drive meaningful results for clients and brands.

    Keep Reading

    CBUAE & People’s Bank of China renew currency exchange deal

    DHA Collaborates with Ecommerce Gateway for Innovative ‘Tech Talk’ Seminar

    DL News Announced as Media Partner for Abu Dhabi Finance Week 2023

    Sam Altman Returns: Balancing Innovation & Ethics at OpenAI

    Author Julian Sancton Sues OpenAI and Microsoft Over AI Training

    Phoenix Group PLC’s Blockbuster IPO Sets Stage for ADX Listing

    Add A Comment

    Comments are closed.

    Contact
    • Contact Us
    • Write for Us
    • Advertise with us
    Privacy Policy
    • Privacy Policy
    • Disclaimer
    About
    • Who We Are
    • Work With Us
    • Sitemap
    Facebook X (Twitter) Instagram Pinterest YouTube LinkedIn TikTok RSS
    © 2023 Crypto Avanza. Designed by Crypto Avanza.

    Type above and press Enter to search. Press Esc to cancel.