LONDON: TP ICAP, the world's biggest interdealer broker, is launching a cryptocurrency trading platform with Fidelity Investments and Standard Chartered's digital assets custody unit, the consortium said on Tuesday.
TP ICAP, along with Fidelity Digital Assets and Zodia Custody, launched by the venture capital arm of Standard Chartered and Northern Trust in December, is seeking to make crypto trading akin to that of traditional assets like stocks, bonds and foreign exchange. TP ICAP has broadened its footprint in global capital markets by offering new data and analytics services and rolling out new products.
Still, the move is the latest endorsement of the sector by Standard Chartered, whose venture capital unit said earlier this month it will set up a separate crypto brokerage and exchange platform in Britain and Europe, with Hong Kong's BC Technology Group."Investor interest in this new asset class has exploded dramatically in the last six to eight months," Duncan Trenholme, co-head of digital assets at TP ICAP, told Reuters.
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