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- The company TP ICAP has announced that it will deploy a wholesale platform for crypto-assets, subject to registration with the UK’s Financial Conduct Authority.
- Customers will be able to access liquidity as their assets are held with their digital asset custodian, which enhances security.
- Fidelity was an early adopter of cryptocurrency services in the United States
TP ICAP, a London-based market infrastructure and data solutions provider, announced on Tuesday that it will deploy a wholesale platform for crypto-assets, subject to registration with the UK Financial Conduct Authority.
The platform will feature a wholesale electronic marketplace for spot trading in crypto-assets, including Bitcoin and Ethereum, and provide connectivity and post-trade infrastructure in a network of digital asset custodians.
TP ICAP works with crypto custodians Loyalty digital assets and Guard Zodia ensuring that clients have a separate and interoperable execution and settlement model, a key requirement for clients entering this new asset class.
Companies have developed a new trading model in which clients will be able to access liquidity at TP ICAP while their assets remain in the custody of the digital asset custodian of their choice.
In the United States, Fidelity was one of the early adopters of cryptocurrency services, offering custody and transaction execution services for cryptoassets since 2019. Last year, it launched a Bitcoin funds for high net worth investors and allowed clients of its digital asset custody platform to pledge Bitcoin as collateral for cash. ready. In April, he formed a crypto lobby group with several other investment firms. TThe Securities and Exchange Commission is revision faithfulness Wise Origin Bitcoin Trusted ETF.