Fusion Digital Assets is on-boarding customers and aims to have the first live trades on TP Icap’s wholesale marketplace for spot crypto assets in the early part of 2023 after successfully registering with the UK Financial Conduct Authority.

The platform had received backing from several market makers including Virtu Financial, Flow Traders, Jane Street, Hudson River Trading and Susquehanna in preparation for its approval.

• The interdealer broker’s crypto venture will be known as Fusion Digital Assets.
• TP ICAP will integrate with Fidelity Digital Assets to safe keep clients’ funds and manage settlements.

• Traditional finance veterans suggest FTX calamity signals the need for more rules around digital assets.
• One analyst believes the benefits of blockchain technology should not be conflated with the highly speculative nature of crypto.

Sarcasm aside, investor sentiment regarding crypto assets is growing.. 

In this report, Acuiti analysed the impact of the recent price falls, views on regulation and what effect it will have on market structure, as well as how market structure will be moulded by recent events.

FinTech Focus TV with Duncan Trenholme, Co-Head of Digital Assets at TP ICAP

“In every field, the guardians of power and knowledge guard that power and knowledge with specified terminology. When you unlock their terminology, you hold the keys…”

Acuiti report found that greater intermediation from traditional sell-side firms and more participation from the buy-side would have the biggest positive impact on the market.

TP ICAP’s digital assets arm has rehired a head of platform operations after the digital trading arm of the British inter-dealer broker doubled earlier this week the number of cryptoasset custodians connected to its platform.