The biggest interdealer broker in the world, TP ICAP, has applied for a license as a provider of digital assets with the UK’s Financial Services Authority in an effort to use its Fusion Digital Assets platform to enter the cryptocurrency market.
A major player in the traditional finance spot market (TradFi) is collaborating with custodian Fidelity Digital Assets to offer a platform for coordinating orders and carrying out spot crypto trades.
The company’s full name, Tullett Prebon (Europe) Ltd., has been registered with the FCA as a cryptocurrency company since November 21.
The documentation confirms adherence to anti-money laundering regulations, and the UK Treasury is considering a more extensive legal framework for crypto authorizations.
TP ICAP began providing clients with services in crypto-linked exchange-traded products (ETPs) in January, which is another indication of how widely accepted digital assets are becoming.
