TP ICAP, the world’s largest interdealer-broker, has registered as a digital asset provider with the U.K.’s Financial Services Authority as it attempts to break into the crypto world via its Fusion Digital Assets marketplace.

The company, a giant in infrastructure for wholesale markets for traditional finance (TradFi), is working with custodian Fidelity Digital Assets to offer a platform to match orders and execute spot crypto trades.

“Until now the wholesale digital assets market has lacked the credible infrastructure and assurance necessary for [financial market players] to allocate capital,” Duncan Trenholme, co-head of digital assets at TP ICAP Group, said in a statement. “Over time, we believe blockchain will lead to the tokenization of traditional asset classes.”

(By Jack Schickler)