Standard Chartered has been designated as the digital asset custodian and settlement agent for TP ICAP’s Fusion Digital Assets platform, supporting the expansion of matched principal trading operations. The partnership builds on an initial agreement from October 2024.
Through the collaboration, clients gain access to Standard Chartered’s digital asset custody solution alongside Fusion Digital Assets, TP ICAP’s UK-based spot crypto exchange operating under FCA-registered TP ICAP E&C Limited. The arrangement enables TP ICAP to settle blockchain-based assets through its own accounts.
Margaret Harwood-Jones, Global Head of Financing and Securities Services at Standard Chartered, said the bank is “pleased to deepen our collaboration with TP ICAP, reinforcing our shared vision of bridging traditional and digital finance.” TP ICAP Managing Director Duncan Trenholme called it “a key milestone in our digital asset strategy.”