Leading institutional digital asset broker FalconX (also the first CFTC registered exchange dealer) has announced a strategic partnership with Fusion Digital Assets, TP ICAP’s FCA-registered UK wholesale cryptocurrency exchange.

The integration with Fusion Digital Assets gives FalconX access to competitive pricing and liquidity from TP ICAP’s wholesale clients within a robust and secure framework, combining FalconX’s leading institutional crypto native franchise and the institutional custody capabilities provided by Fidelity Digital AssetsSM and extensive experience established the reputation of TP ICAP, a world-leading provider of infrastructure and data solutions in the markets.

As the crypto category continues to evolve, it is increasingly important for institutional digital asset traders and their clients to interact with liquidity on meeting rooms and exchanges operated by major financial market infrastructure providers. This integration serves as a critical bridge between the native cryptocurrency ecosystem and traditional financial markets, enabling seamless transactions and fostering growth in the digital asset industry.

Austin Reid, Global Head of Revenue and Operations at FalconX, said:

“Partnering with Fusion Digital Assets is another important step in our ongoing efforts to bridge traditional financial markets and the growing cryptocurrency ecosystem. This will enhance liquidity for our clients and foster an environment that drives 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.”

Tom Flanagan, Global Head of Execution and Liquidity Management at TP ICAP Digital Assets added:

“Bringing a player of FalconX pedigree to Fusion Digital Assets is another step forward in the development of our exchange. Our goal is to offer our customers a unique liquidity experience in a secure environment. FalconX’s integration and support of Fusion Digital Assets furthers our goal. We look forward to extending our diversified liquidity to FalconX and their franchise.”

About FalconX

FalconX is the world’s largest institutional digital asset brokerage and the first CFTC-registered cryptocurrency exchange dealer. We provide the most comprehensive access to global digital asset liquidity. Our dedicated 24/7 team for account, operational and trading needs allows investors to browse the markets around the clock.

The company is backed by investors including Accel, Adams Street Partners, Altimeter Capital, American Express Ventures, B Capital, GIC, Lightspeed Venture Partners, Sapphire Ventures, Thoma Bravo, Tiger Global Management and Wellington Management. FalconX has offices in Silicon Valley, New York, London, Hong Kong, Bengaluru, Singapore and Valletta.

About Fusion Digital Assets

Fusion Digital Assets combines TP ICAP’s established venue expertise and execution organization with Fidelity Digital AssetsSM’s institutional grade custody capabilities and diversified liquidity from TP ICAPs global clientele. Currently, the site supports trading in Bitcoin and Ether against USD. In the future, it will expand the assets it supports according to customer demand. It will also add other custodians to develop a multi-custody model.

Key elements of the space include:

  • Fusion – TP ICAP’s proprietary, award-winning online platform – provides clients with a no-holds-barred cryptocurrency exchange for order matching and trade execution.
  • Fidelity Digital AssetsSM, an industry-leading custodian, provides independent safekeeping of client holdings and settlement services through a decoupled model.
  • An anonymous pool of liquidity flow from leading global manufacturers and uncorrelated liquidity from TP ICAP’s global customer base. and
  • It is operated by TP ICAP E&C Limited and registered with the FCA as a cryptocurrency exchange provider.


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