TP ICAP’s Fusion Digital to launch stablecoin trading in 2026
Global brokerage firm TP ICAP Group plans to expand its crypto platform, Fusion Digital Assets, by adding stablecoin trading pairs.
In an interview with Bloomberg, TP ICAP’s global co-head of digital assets, Simon Forster, revealed plans to add more digital assets to the firm’s Fusion Digital Assets platform. Based in London, the platform is registered with the Financial Conduct Authority and currently offers spot Bitcoin and Ether trading to institutional clients.
TP ICAP, the world’s largest broker between financial institutions, first entered the crypto market in 2019 by offering derivatives tied to digital assets. It later shifted focus to direct spot trading through its Fusion Digital Assets platform. The company now plans to launch stablecoin pairs against Bitcoin and Ether in the first half of 2026. In March, TP ICAP also announced plans to expand its crypto business into the US and Asia.
Fusion Digital Assets operates as a regulated trading venue that connects institutional clients to major custodians and liquidity providers instead of holding assets itself. Using infrastructure from TP ICAP’s long-running Fusion network, the platform allows secure settlement through partners such as Fidelity Digital Assets. It officially launched in May 2023 with its first Bitcoin-to-USD transaction and has grown quickly since then. By September 2025, monthly trading activity surpassed $1 billion, five times higher than a year earlier. Forster described 2024 as a “watershed year” for institutional interest in crypto.
The move to add stablecoin pairs comes as global stablecoin use expands rapidly. According to DefiLlama, the total value of stablecoins in circulation has risen above $300 billion in 2025, led by USDT and USDC. Institutions increasingly use these tokens for settlement and liquidity management, viewing them as a low-volatility bridge between traditional finance and digital assets.
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