Panellists highlighted the need for increased regulation within the asset class, while noting the need to work with existing workflows and processes to help with mass adoption.
Alongside the Series A investment, TP ICAP will take a minority stake in ipushpull as the platform looks to accelerate growth.
Participants from IPC, B2C2, and TP ICAP discuss expected shifts in the crypto market next year, including increased regulation and institutional adoption.
The platform had received backing from several market makers including Virtu Financial, Flow Traders, Jane Street, Hudson River Trading and Susquehanna in preparation for its approval.
The past week saw appointments from Kepler Cheuvreux, OpenFin, RBC Capital Markets and DRW, along with a departure from TP ICAP’s Parameta Solutions.
Departing executive has been with TP ICAP for 15 years including as global head of post-trade for Parameta and as its global head of electronic markets.
New network launch comes as parent company TC ICAP announces strong results for H1.
New global broking chief previously spent 25 years at Société Générale as its global head of trading and global head of sales in its global banking and investor solutions division.
The past week saw appointments from the DTCC, TP ICAP, the CFTC and Trading Technologies.
Incoming chief executive joins TP ICAP having previously served at Instinet, Nomura Securities International and Merrill Lynch.