International cross-border bank Standard Chartered and inter-dealer broker TP ICAP have announced plans to connect their digital assets offerings.

This collaboration will enable common clients to access Standard Chartered’s recently announced groundbreaking digital asset custody product and TP ICAP’s Fusion Digital Assets, the UK-based spot cryptoasset exchange operated by TP ICAP E&C Limited, an FCA registered cryptoasset firm.

The partnership 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 and will 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 & Securities Services, Standard Chartered, said:

“We are proud to announce our collaboration on digital assets with TP ICAP. 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 & Global Co-Head of Digital Assets, TP ICAP, said:

“Clients have been clear with us since the creation of Fusion Digital Assets that they wanted us to build an institutional-quality environment bringing together our expertise in operating wholesale markets with trusted and robust custodial offerings. 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.”