Standard Chartered appointed as Digital Asset Custodian for TP ICAP’s Fusion Digital Assets

The leading international cross-border bank will also act as Settlement Agent, marking the next phase of collaboration between the two organisations.

London, Singapore, Hong Kong – Standard Chartered has been appointed as the digital asset custodian and settlement agent for TP ICAP’s Fusion Digital Assets. This partnership will support the global markets infrastructure provider as it expands its matched principal trading activities.

This development represents a continuation and further enhancement of the innovative partnership between Standard Chartered and TP ICAP, which was initially announced in October 2024. Through this collaboration, shared clients are now able to benefit from access to Standard Chartered’ s advanced digital asset custody solution, as well as Fusion Digital Assets, TP ICAP’s UK-based spot crypto asset exchange. Fusion Digital Assets is operated by TP ICAP E&C Limited, a firm registered with the Financial Conduct Authority (FCA) for crypto asset activities.

Margaret Harwood-Jones, Global Head, Financing & Securities Services, Standard Chartered said: “We are pleased to deepen our collaboration with TP ICAP, reinforcing our shared vision of bridging traditional and digital finance. Our custody and settlement solutions will enable TP ICAP to scale its matched principal activity securely and efficiently, meeting growing institutional demand.”

Duncan Trenholme, Managing Director & Global Co-Head of Digital Assets, TP ICAP, said: “This is a key milestone in our digital asset strategy, allowing TP ICAP to settle blockchain-based assets through our own accounts for the first time. With Standard Chartered’s support and expertise, we will now be able to offer a much broader array of on-chain assets and wider range of execution services to our clients.”

The partnership underscores a commitment to being leaders in advancing institutional adoption of digital assets, combining TP ICAP’s market infrastructure with Standard Chartered’s regulated digital asset capabilities.

For further information please contact:

Celine Ng
Standard Chartered

Tom Gilbert
TP ICAP

About Fusion Digital Assets

Fusion Digital Assets is a wholesale crypto asset exchange from TP ICAP designed exclusively for institutional participants. Combining TP ICAP’s expertise in venue operation and execution with segregated custodial capabilities, the platform offers standards demanded by institutional clients.

About TP ICAP Group plc 

TP ICAP is a global leader in connecting buyers and sellers across financial, energy, and commodities markets. Leveraging our expertise and cutting-edge technology, we provide unparalleled OTC liquidity and data solutions. Our portfolio includes renowned brands such as ICAP, Tullett Prebon, PVM, Liquidnet, and Parameta Solutions. These brands deliver trusted broking services, comprehensive data & analytics, and insightful market intelligence to clients worldwide. With a presence in over 60 offices across 28 countries, TP ICAP is committed to driving market efficiency and innovation.