Largest Interdealer-broker TP ICAP Gains UK Crypto License
In an effort to enter the cryptocurrency market through its Fusion Digital Assets marketplace, TP ICAP, the biggest interdealer broker in the world, has registered with the Financial Conduct Authority of the U.K as a provider of digital assets.
TP ICAP, a major player in traditional finance’s wholesale markets infrastructure (TradFi), is collaborating with custodian Fidelity Digital Assets to provide a platform for matching orders and carrying out spot cryptocurrency trades.
Until now the wholesale digital assets market has lacked the credible infrastructure and assurance necessary for [financial market players] to allocate capital. Over time, we believe blockchain will lead to the tokenization of traditional asset classes.
Duncan Trenholme, co-head of digital assets at TP ICAP Group, said in a statement
The business has been listed on the FCA’s crypto company registration since November 21 with its full name, Tullett Prebon (Europe) Ltd. While the U.K. Treasury considers a more comprehensive legislative framework for crypto authorizations, the registry attests to compliance with money laundering regulations.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Largest Interdealer-broker TP ICAP Gains UK Crypto License
In an effort to enter the cryptocurrency market through its Fusion Digital Assets marketplace, TP ICAP, the biggest interdealer broker in the world, has registered with the Financial Conduct Authority of the U.K as a provider of digital assets.
TP ICAP, a major player in traditional finance’s wholesale markets infrastructure (TradFi), is collaborating with custodian Fidelity Digital Assets to provide a platform for matching orders and carrying out spot cryptocurrency trades.
Until now the wholesale digital assets market has lacked the credible infrastructure and assurance necessary for [financial market players] to allocate capital. Over time, we believe blockchain will lead to the tokenization of traditional asset classes.
Duncan Trenholme, co-head of digital assets at TP ICAP Group, said in a statement
The business has been listed on the FCA’s crypto company registration since November 21 with its full name, Tullett Prebon (Europe) Ltd. While the U.K. Treasury considers a more comprehensive legislative framework for crypto authorizations, the registry attests to compliance with money laundering regulations.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Thana
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