.jpg)
TP ICAP’s Fusion Digital Assets to transition to matched principal model
25 February 2026 UK
Image: ichie/adobe.stock.com
TP ICAP, an inter‑dealer broker and provider of financial markets infrastructure and data, has announced Fusion Digital Assets, its spot cryptoasset exchange, will transition to a matched principal model in March 2026.
The firm says the model is already operated by TP ICAP across global markets, processing over US$200 trillion notional in 2025 and will enhance capital efficiency, operational flexibility, and scalability for institutional clients.
Under the matched principal model, TP ICAP will act as an intermediary between buyers and sellers, standing as the counterparty to both sides of each trade.
Operating hours will also expand from 23/5 to 24/5, with weekend coverage added as client demand grows.
Simon Forster, managing director, global co-head of digital assets, says: “This marks a transformational step in Fusion Digital Asset’s development. It reflects our commitment to delivering trusted, efficient market infrastructure for the digital asset ecosystem.”
“This proven model is familiar to institutional clients, delivered by a counterparty they trust. It fills a critical gap in the crypto landscape by improving efficiency, reducing risk, and creating a flexible, institution‑ready framework for trading.”
The firm says the model is already operated by TP ICAP across global markets, processing over US$200 trillion notional in 2025 and will enhance capital efficiency, operational flexibility, and scalability for institutional clients.
Under the matched principal model, TP ICAP will act as an intermediary between buyers and sellers, standing as the counterparty to both sides of each trade.
Operating hours will also expand from 23/5 to 24/5, with weekend coverage added as client demand grows.
Simon Forster, managing director, global co-head of digital assets, says: “This marks a transformational step in Fusion Digital Asset’s development. It reflects our commitment to delivering trusted, efficient market infrastructure for the digital asset ecosystem.”
“This proven model is familiar to institutional clients, delivered by a counterparty they trust. It fills a critical gap in the crypto landscape by improving efficiency, reducing risk, and creating a flexible, institution‑ready framework for trading.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one digital assets news source this year, make sure it is your free subscription to The Digital Assets Edge
100% ON RETURNS If you invest in only one digital assets news source this year, make sure it is your free subscription to The Digital Assets Edge
