British Financial Services Company TP ICAP to Offer Crypto Storage

British financial services company TP ICAP has just announced BitGo and Komainu have joined its network of custodian partners for its upcoming digital asset platform.

According to the announcement, Fidelity Digital Assets and Standard Chartered’s Zodia Custody are already involved in the project. Flow Traders, Hudson River Trading, Susquehanna, Jane Street and Virtu Financial will act as market makers.

The users will be able to enjoy greater flexibility through the expansion of the custodian partner network as this will strengthen the segregated asset holding model.

The users of the platform will reportedly be able to conduct spot transactions with Bitcoin and Ethereum. The infrastructure will also include post-trade solutions with end-to-end straight through processing (STP) and payment clearing services for completed transactions.

The launch dates are subject to FCA approval.

TP ICAP, which was founded back in 2017, supports transactions between hedge funds, investment banks and other major financial institutions.