Standard Chartered collaborates with TP ICAP 25 October 2024 UK Reporter: Klea Neza
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Standard Chartered, a leading international cross-border bank has partnered with TP ICAP, the world’s largest inter-dealer broker and leading market infrastructure provider with the objective to connect their digital assets offerings.
This collaboration will enable common clients to access Standard Chartered’s digital asset custody product and TP ICAP’s Fusion Digital Assets, the UK-based spot crypto asset exchange operated by TP ICAP E&C, a FCA registered crypto asset firm.
The companies say the collaboration will allow Standard Chartered’s custody clients to access TP ICAP’s competitive pricing and liquidity in digital assets such as Bitcoin and Ethereum on TP ICAP’s wholesale exchange.
It will also provide TP ICAP clients with connectivity to the digital asset custody service from Standard Chartered, expanding the network of custodians connected to Fusion Digital Assets.
Margaret Harwood-Jones, global head of Financing and Securities Services at Standard Chartered, says: “We continue to set new standards in the digital asset ecosystem with our partners, and this collaboration highlights our dedication to providing cutting-edge services that meet the evolving needs of our clients.
“This collaboration represents a significant development in the digital asset landscape by providing institutional traders and investors with a seamless, secure, and regulated environment for their digital asset activities. The partnership between TP ICAP and Standard Chartered reflects a shared vision of fostering innovation and trust in the financial markets of the future.”
Duncan Trenholme, managing director and global co-head of Digital Assets at TP ICAP, comments: “Today’s announcement with Standard Chartered sets a new benchmark in the industry by enhancing our existing operating model with connectivity to a leading international cross-border bank and will give clients further assurances to enter and trade in these emerging asset classes.”
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