Standard Chartered has been appointed as the digital asset custodian and settlement agent for TP ICAP’s Fusion Digital Assets platform, expanding a collaboration first announced in October 2024.
The appointment supports TP ICAP’s expansion of matched-principal trading in spot cryptocurrencies through its UK-regulated exchange platform.
“We are pleased to deepen our collaboration with TP ICAP, reinforcing our shared vision of bridging traditional and digital finance,”
Said Standard Chartered’s Global Head of Financing and Securities Services, Margaret Harwood-Jones.
Fusion Digital Assets, operated by TP ICAP E&C Limited and registered with the UK Financial Conduct Authority, enables institutional investors to trade digital assets within a regulated framework.
The platform is transitioning to a matched-principal model, where TP ICAP acts as counterparty to both sides of each trade and settles transactions after execution rather than requiring prefunding.
Standard Chartered will provide regulated custody and settlement services while allowing clients to deliver assets from their preferred custodians.
The partnership comes as banks and market infrastructure firms expand digital asset services to meet growing institutional demand for regulated crypto trading and settlement solutions.