LONDON, 10 October 2025 – Fusion Digital Assets, TP ICAP Group's FCA-registered crypto asset exchange, today announced it has surpassed $1 billion in notional traded volume across its spot Bitcoin and Ether order books in the month of September. This significant milestone underscores the growing demand from institutional clients for regulated, secure, and reliable access to the digital asset market.

Simon Forster, Managing Director, Global Co-Head of Digital Assets: 

"The digital asset landscape is at a critical inflection point, evolving from a niche asset class into a core component of the global financial ecosystem. This transition driven by more sophisticated trading participants requires institutional-grade infrastructure built on the foundations of liquidity, transparency, and trust – precisely what we've built with Fusion Digital Assets.

Looking ahead, we are uniquely positioned to scale by opening Fusion Digital Assets to TP ICAP's entire global client base as they come online to digital assets. Our APIs and operating model are designed to be asset-agnostic, ready to support on-chain assets like stable coins. We are focused on enhancing  our product, prioritising capital and operational efficiency, whilst preparing for the tokenisation of traditional assets – an area where we anticipate significant opportunity given TP ICAP’s existing footprint across markets."

The platform's success highlights the effectiveness of its design, which combines TP ICAP's established expertise in operating trading venues with institutional-grade custodial capabilities from independent third-party custodians. It provides diversified liquidity from top market makers and TP ICAP's global client base, all within a robust and compliant framework that mirrors traditional financial markets.

ENDS

About Fusion Digital Assets
Fusion Digital Assets is a wholesale crypto asset exchange from TP ICAP designed exclusively for institutional participants. Combining TP ICAP's expertise in venue operation and execution with segregated custodial capabilities, the platform offers an FCA-registered environment that meets the stringent regulatory standards demanded by institutional clients.
The exchange provides deep, anonymous liquidity for trading spot Bitcoin and Ether against USD, with plans to expand its asset and custodian support. It features a low-latency matching engine and a new post-trade solution, FusionClear, offering direct connectivity into a network of custodians for settlement services. By mirroring the structure and safeguards of traditional financial markets, Fusion Digital Assets addresses key concerns around counterparty risk, security, and market integrity.

About TP ICAP Group plc 
TP ICAP is a global leader in connecting buyers and sellers across financial, energy, and commodities markets. Leveraging our expertise and cutting-edge technology, we provide unparalleled OTC liquidity and data solutions. Our portfolio includes renowned brands such as ICAP, Tullett Prebon, PVM, Liquidnet, and Parameta Solutions. These brands deliver trusted broking services, comprehensive data & analytics, and insightful market intelligence to clients worldwide. With a presence in over 60 offices across 28 countries, TP ICAP is committed to driving market efficiency and innovation.

Media Contact     
Tom Gilbert | +44 7741231950 | thomas.gilbert@tpicap.com