The institutional digital asset prime broker FalconX has partnered with Fusion Digital Assets, TP ICAP's wholesale spot crypto asset exchange based in the UK. This collaboration aims to provide FalconX access to competitive pricing and liquidity from TP ICAP's wholesale clients, leveraging Fusion Digital Assets' framework.

According to a statement shared by the company, this integration is important in the evolving landscape of crypto assets, where interaction between institutional digital asset prime brokers and major financial market infrastructure providers is crucial.

Connecting Crypto and Traditional Finance

By bridging the native crypto asset ecosystem with traditional financial markets, the collaboration aims to facilitate seamless transactions and foster growth in the digital asset industry.

Austin Reid, the Global Head of Revenue and Business at FalconX, mentioned: "Collaborating with Fusion Digital Assets is another significant step in our ongoing efforts to bridge traditional financial markets and the growing crypto asset ecosystem."

"This will enhance liquidity for our clients and foster an environment that propels growth and innovation in the digital asset industry. It underscores our commitment to providing secure, efficient, and seamless access to the global digital asset market for our clients."

Our Fusion Digital Assets exchange is built to provide deep liquidity that can be relied upon during all market conditions. That's why we’re excited to announce our partnership with FalconX, the world’s largest institutional digital asset prime broker. https://t.co/Iwq6qNbkoG

— TP ICAP Group PLC (@TPICAPGroupPLC) February 1, 2024

Enhancing Crypto Liquidity and Innovation

This partnership aims to enhance liquidity and facilitate the creation of a more connected and innovative digital asset industry. According to the duo, the collaboration between FalconX and TP ICAP's Fusion Digital Assets will unlock new opportunities and enhance global digital asset liquidity access.

Last year, TP ICAP launched its institutional crypto exchange, Fusion Digital Assets. After securing a UK license in December 2022, TP ICAP's platform is operational for spot trading targeting institutional crypto investment.

The platform's first Bitcoin/US dollar trading pair transaction was facilitated in partnership with Fidelity Digital Assets. This launch marked a pivotal moment for TP ICAP, which has offered crypto derivatives services since 2019, Finance Magnates reported.

Fusion Digital Assets aims to expand its asset offerings in response to client demand. With plans for a multi-custody model, the platform is set to accommodate diverse investment strategies and preferences.