FalconX and TP ICAP are working together to improve liquidity and connect the cryptoasset ecosystem with traditional financial markets

FalconX, the world's largest institutional prime digital asset broker, announces its integration with Fusion Digital Assets, TP ICAP's FCA-registered UK cryptoasset exchange

SAN FRANCISCO, January 31, 2024 /PRNewswire/ — FalconX, the world's largest institutional prime digital asset broker and the first swap dealer registered with the CFTC, today announces a strategic partnership with Fusion Digital Assets, the FCA-registered UK wholesale spot cryptoasset broker. Exchange from TP ICAP.

By integrating with Fusion Digital Assets, FalconX will gain access to competitive pricing and liquidity from TP ICAP's wholesale customers in a robust and secure framework that brings together FalconX's leading institutional services Crypto Native franchise and institutional custody capabilities of Fidelity Digital AssetsSM with the extensive experience and established reputation of TP ICAP, a global leader in market infrastructure and data solutions.

As the crypto asset class continues to evolve, it will become increasingly important for institutional prime digital asset brokers and their clients to interact with liquidity on venues and exchanges operated by major financial market infrastructure providers. This integration serves as a critical bridge between the native crypto asset ecosystem and traditional financial markets, enabling seamless transactions and driving growth in the digital asset industry.

“Collaborating with Fusion Digital Assets is another important step in our ongoing efforts to bridge traditional financial markets and the growing crypto asset ecosystem,” said Austin Reid, Global Head of Revenue and Business at FalconX. “This will increase liquidity for our customers and create an environment that drives growth and innovation in the digital asset industry. It underlines our commitment to providing our customers with secure, efficient and seamless access to the global digital assets market.”

“The addition of a player like FalconX to Fusion Digital Assets is another step forward in the growth of our exchange,” he said Tom Flanagan, Global Head of Execution and Liquidity Management at TP ICAP Digital Assets. “Our goal is to offer customers a unique liquidity experience in a secure environment. FalconX’s integration and support of Fusion Digital Assets advances our goal. We look forward to extending our diversified liquidity to FalconX and its franchise.”

About FalconX

FalconX is the largest prime digital asset broker for the world's leading institutions and the first firm registered with the CFTC Cryptocurrency barterer. We provide the most comprehensive access to global digital asset liquidity. Our 24/7 dedicated account, operations and trading team enables investors to navigate the markets 24/7.

The company is backed by investors including Accel, Adams Street Partners, Altimeter Capital, American Express Ventures, B Capital, GIC,

Lightspeed Venture Partners, Sapphire Ventures, Thomas Bravo, Tiger Global Management and Wellington Management. FalconX has offices in Silicon Valley, new York, London, Hong KongBengaluru, Singapore and Valletta. For more information, visit falconx.io or follow FalconX on X and LinkedIn.

About Fusion Digital Assets:

Fusion Digital Assets combines TP ICAP's established expertise in venue operations and organizing execution with the institutional custody capabilities of Fidelity Digital AssetsSM and the diversified liquidity of TP ICAP's global client base. The venue currently supports trade Bitcoin and Ether against USD. Going forward, the company will expand the assets it supports based on customer demand. Additional custodian banks will also be added to develop a multi-custody model.

Key elements of the venue include:

• Fusion – TP ICAP’s proprietary, award-winning electronic platform – provides clients with a non-custodial crypto asset exchange for order matching and trade execution;
• Fidelity Digital AssetsSM, an industry-leading custodian, provides independent secure custody of clients' holdings and settlement services through a segregated model;
• An anonymous aggregation of streaming liquidity from world-leading market makers and uncorrelated liquidity from TP ICAP's global customer base; And
• Operated by TP ICAP E&C Limited and registered with the FCA as a cryptoasset exchange provider.

About TP ICAP Group Plc

TP ICAP is a global leader in market infrastructure and data solutions. The group connects buyers and sellers in the wholesale financial, energy and commodities markets of all major asset classes. Clients around the world rely on our brokerage services, data and analysis, and market intelligence to deliver efficient and liquid markets. The group has more than 60 offices in 28 countries and employs 5,200 people, including 2,600 brokers. In terms of sales, TP ICAP is one of the world's five leading liquidity centers alongside CME, ICE, Deutsche Börse and LSEG. www.tpicap.com

SOURCE FalconX