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Gungun Bhatia
Dec 1, 2022
by Gungun Bhatia

TradFi Giant TP ICAP Acquires a UK Cryptocurrency License

TP ICAP

Table of contents

  1. TP ICAP - Giant in Market Infrastructure
  2. Tullet Prebon Ltd. - Company’s Full Name
The biggest interdealer broker in the world, TP ICAP, has enrolled with the Financial Services Authority of the United Kingdom as a supplier of digital assets in an effort to expand its Fusion Digital Assets platform into the cryptocurrency space.

TP ICAP - Giant in Market Infrastructure

The business, a significant player in conventional finance's wholesale markets infrastructure (TradFi), is collaborating with custodian Fidelity Digital Assets to provide a framework for matching orders and carrying out spot cryptocurrency trades.

Duncan Trenholme, co-head of digital assets at TP ICAP Group, stated that up until now, the wholesale virtual currency market has lacked the credible framework and certainty essential for financial market players to commit resources. Blockchain will eventually result in the tokenization of conventional asset classes.

Tullet Prebon Ltd. - Company’s Full Name

Since November 21st, the business has been listed on the FCA's cryptocurrency company registration using its full name, Tullett Prebon (Europe) Ltd. The registry verifies adherence to anti-money-laundering laws while the U.K. Treasury considers a more comprehensive legal framework for cryptocurrency approvals.

TP ICAP started giving clients, such as financial institutions, the ability to trade crypto-linked commodities on exchanges in January.

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Cryptocurrency Digital Assets TP ICAP Financial Services Authority
TradFi Giant TP ICAP Acquires a UK Cryptocurrency License
Gungun Bhatia
Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.

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