TP Icap is launching a cryptocurrency trading platform for institutional investors, as part of a consortium with Fidelity Investments and Standard Chartered’s digital asset custody unit Zodia.

The new platform will include spot crypto trading for tokens including bitcoin and ether for wholesale markets, and access to custody solutions provided by Fidelity and Zodia. It will be subject to registration with the Financial Conduct Authority, TP Icap said, as part of the regulator’s temporary permissions regime for crypto-exposed businesses.