Blockchain.com, a global provider of crypto services serving both retail and institutional users, has joined TP ICAP's Fusion Digital Assets as a liquidity partner operating within the venue's matched principal framework. The move reflects growing demand from a diversified mix of digital asset firms — spanning brokers, liquidity providers, asset managers and trading firms — for institutional-grade market infrastructure.

As one of the first firms to trade through Fusion Digital Assets' matched principal model, Blockchain.com further enhances the breadth and depth of the venue's institutional ecosystem. Through the integration of Blockchain.com's institutional liquidity, market participants gain access to additional depth across Bitcoin, Ether and XRP.

The partnership reflects the growing convergence of digital asset and traditional financial markets, with established crypto-native firms increasingly seeking broader distribution and access to trusted institutional trading venues. As the digital asset industry continues to mature, the addition of Blockchain.com broadens the range of participants on Fusion Digital Assets and supports the development of new products, including stablecoins and tokenised assets.

Matched principal trading model

Fusion Digital Assets recently launched its matched principal trading model, demonstrating TP ICAP's continued commitment to digital assets and consistent product innovation across market cycles. By enabling participants to trade without prefunding while facing TP ICAP as an investment-grade credit intermediary, the model improves capital efficiency, reduces operational complexity and aligns digital asset trading more closely with traditional market standards. For institutional firms, that structure matters because it reduces some of the operational frictions that can limit activity on newer venues and places the trading relationship inside a framework more familiar to traditional market participants.

"Joining Fusion Digital Assets as a liquidity partner under TP ICAP's matched principal framework is a natural progression in our mission to bring institutional capital to digital asset markets," said Marc Sischka, Vice President, Global Head of OTC Trading. "Together we are delivering the capital efficiency, execution quality, and operational reliability institutional participants require to trade at scale."

"We are pleased to welcome Blockchain.com as a liquidity provider on Fusion Digital Assets," said Chay Pollard, Director Digital Assets E-Broking. "Their global reach, crypto-native client network and deep digital asset liquidity complement TP ICAP's institutional client base and market infrastructure. Together, we are broadening access to trusted, institutional-grade liquidity while further strengthening the bridge between traditional finance and digital assets."

Expanded asset coverage and trading hours

The transition to Fusion Digital Assets' new matched principal model enables the venue to expand its tradable asset universe, including:

• Support for stablecoins, such as USDC
• Expansion of cryptoasset coverage to include SOL
• Additional fiat currency pairs
• Future support for tokenised real-world assets (RWAs)

In response to institutional demand, the venue's operating hours will extend to continuous weekday trading, with weekend coverage set to follow. The wider trading window is notable because it aligns the venue more closely with the around-the-clock nature of digital asset markets while preserving an institutional trading framework.

The development builds on a record 2025 for Fusion Digital Assets, during which the venue surpassed $1 billion in monthly notional traded volume across its Bitcoin and Ether order books. The milestone demonstrated growing institutional demand for secure, reliable and purpose-built digital asset market infrastructure.