Fusion Digital Assets, a crypto exchange registered with the FCA, has achieved a remarkable milestone by surpassing $1 billion in notional trading volume for spot Bitcoin and Ether in September 2025. This accomplishment reflects a significant increase in institutional demand for secure and regulated access to the digital asset market, demonstrating the platform’s growing importance in the financial ecosystem.
The Managing Director and Global Co-Head of Digital Assets highlighted that the digital asset landscape is evolving from a niche market to an integral part of the global financial framework. This transformation is driven by more sophisticated trading participants, necessitating institutional-grade infrastructure rooted in liquidity, transparency, and trust. Fusion Digital Assets has been designed to meet these requirements effectively.
Looking forward, there are plans to broaden the platform’s reach by integrating it with TP ICAP’s extensive global client base. This connection aims to facilitate a seamless transition into digital asset investments for clients. The platform’s application programming interfaces (APIs) are designed to be asset-agnostic, which means they will also support on-chain assets, such as stablecoins. The company intends to enhance its product offerings, focus on capital operational efficiency, and prepare for the tokenization of traditional assets, foreseeing considerable opportunities in this area due to the existing market presence.
The successful design of the platform combines TP ICAP’s considerable expertise in managing trading venues with custodial capabilities provided by independent third-party custodians. This union enables diversified liquidity sourced from top market makers, while also catering to TP ICAP’s extensive global clientele. Overall, the framework is compliant and mirrors the operational structures of traditional financial markets.
Fusion Digital Assets focuses on institutional participants, providing a dedicated wholesale crypto asset exchange. This platform leverages TP ICAP’s operational knowledge merged with separate custodial capabilities to create a highly regulated environment that adheres to the stringent demands of institutional clients. It facilitates deep, anonymous liquidity for spot trading of Bitcoin and Ether against USD, and there are future plans aimed at expanding asset and custodian support.
Among its features, the exchange includes a low-latency matching engine and a new post-trade solution known as FusionClear, which offers direct connectivity to a network of custodians for settlement services. Such structural and safety measures are designed to alleviate concerns regarding counterparty risk, security considerations, and overall market integrity.
TP ICAP, as an organization, stands at the forefront of connecting buyers and sellers across various financial markets, including those dealing with energy and commodities. Its expertise and advanced technology create unmatched opportunities in over-the-counter (OTC) liquidity and data solutions, encompassing renowned brands such as ICAP, Tullett Prebon, PVM, Liquidnet, and Parameta Solutions. These brands provide essential broking services, robust data and analytical resources, and valuable market intelligence to clients around the globe. With an operational footprint extending to over 60 offices in 28 countries, the commitment of the organization towards fostering market efficiency and innovation remains unwavering.
In summary, the achievements of Fusion Digital Assets signify a notable trend towards institutional acceptance and engagement within the cryptocurrency market. With significant enhancements in liquidity, transparency, and operational credibility, the platform is well-positioned to accommodate the evolving needs and preferences of financial institutions keen on entering the digital asset space. As the market continues to develop, the initiatives undertaken by this platform may serve as a blueprint for future interactions between traditional finance and the burgeoning world of cryptocurrencies.