Standard Chartered Named Custodian for TP ICAP’s Fusion Digital Assets

Standard Chartered has been appointed as the digital asset custodian and settlement agent for TP ICAP’s Fusion Digital Assets platform, expanding on a collaboration announced in October 2024. This move supports TP ICAP's expansion into matched-principal trading for spot crypto assets. Fusion Digital Assets, which is registered with the Financial Conduct Authority, allows institutional clients to trade digital assets on a UK-regulated exchange. The new arrangement allows shared clients to access Standard Chartered's custody services alongside Fusion Digital Assets' trading infrastructure. The custody setup is client-agnostic regarding asset delivery. Standard Chartered executives noted this deepens collaboration and supports TP ICAP's scaling of matched principal activity, while TP ICAP highlighted the ability to settle blockchain-based assets through their own accounts for the first time. The article also mentions Standard Chartered's separate strategic partnership with B2C2 to enhance institutional crypto market access.

(Source：Bitcoin Magazine)