StanChart to Custodian for TP Icap Crypto Business

Standard Chartered has been appointed as the digital asset custodian and settlement agent for TP Icap’s Fusion Digital Assets, the inter-dealer brokers crypto trading platform, which last week announced a switch to a matched principal model for Fusion.

The move is a continuation and further enhancement of a partnership between the firms, which was announced in October 2024, and means shared clients can now access Standard Chartered’ s digital asset custody solution, as well as Fusion Digital Assets.

“[This] collaboration with TP Icap reinforces our shared vision of bridging traditional and digital finance,” says Margaret Harwood-Jones, global head, financing & securities services, Standard Chartered. “Our custody and settlement solutions will enable TP Icap to scale its matched principal activity securely and efficiently, meeting growing institutional demand.”

Duncan Trenholme, global co-head of digital assets, TP Icap, adds, “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.”