BitGo and Komainu, two crypto asset service providers, have been added to the custodian panel of TP ICAP, the world’s largest interdealer broker. They join Fidelity and Zodia. This segregated model – which enables clients to access TP ICAP’s deep pools of global liquidity whilst their assets remain under custody at their preferred custodian – provides a robust and secure solution that institutional investors require to access the asset class. Komainu and BitGo will expand the supporting custody network and provide settlement services to the new platform.
TP ICAP’s new Digital Assets Platform, which remains subject to registration with the UK Financial Conduct Authority, will feature a wholesale electronic OTC marketplace for spot crypto asset trading, including Bitcoin and Ethereum. The platform will also include post-trade infrastructure that provides STP and payment netting services for executed trades into a network of digital asset custodians.