B2C2 has integrated with TP ICAP’s FCA-registered cryptoasset venue, Fusion Digital Assets, as a liquidity provider under a newly introduced Matched Principal model.

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TP ICAP has been expanding its Fusion platform to build electronic trading infrastructure across asset classes, including structured products markets.

It also operates a matched principal model that processed over $200 trillion in notional volumes in 2025, which underpins its move into institutional crypto trading via Fusion Digital Assets.

B2C2 Supports Bitcoin Ethereum Orders

The latest agreement allows B2C2 to provide liquidity and trading capabilities directly to the platform. The companies said the setup is designed to improve execution quality and risk transfer for institutional participants in cryptoasset markets.

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Thomas Restout, Group CEO of B2C2, described the move as “a significant step in the evolution of institutional digital asset markets.” He added that integrating liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term into the Matched Principal model is “reducing the need for pre-funding” and delivering “the capital efficiency that wholesale participants expect.”

Under the arrangement, B2C2 will initially support Bitcoin and Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term order books. It is expected to expand coverage as the venue scales its product offering.

Fusion Digital Assets Adds B2C2 Liquidity

The development follows Fusion Digital Assets’ shift to a Matched Principal structure, where TP ICAP acts as counterparty to both sides of each trade. The model is already used across TP ICAP’s traditional markets and is designed to improve capital efficiency by reducing the need to pre-fund trades while also limiting counterparty risk through the firm’s credit profile.

Simon Forster, Managing Director and Global Co-Head of Fusion Digital Assets, said B2C2’s participation strengthens the platform’s liquidity offering. He added that both firms aim to build “deep, liquid on-chain markets” that could extend into traditional asset classes over time.