Prime Brokerage Firm LTP Gains MiCA Compliant License Via TCB Acquisition
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Institutional prime brokerage firm, LTP, has announced the acquisition of Spanish-based Turing Capital Brokerage (TCB). The move will enable LTP to expand its offerings across Europe through TCB’s MiCA license from the European Union.
According to the Hong Kong-based brokerage firm, its acquisition of LTP will enable the firm to offer fully compliant crypto-based services to institutional clients. This will boost its position in the evolving digital finance sector.
Founder and Chief Executive Officer of LTP, Jack Yang, commented about the acquisition. He stated that the deal is a major step the firm has taken towards its mission of offering institutional-grade digital assets services worldwide. With the deep-rooted expertise and MiCA-compliant adaptability of LTP in Spain, the firm will be delivering unmatched liquidity and access to its institutional clients.
LTP Hopes To Expand Its Presence And Meet MiCA Compliance
TCB is a subsidiary of Turing Capital. The recent acquisition of TCB will further enable LTP to expand its operations. Additionally, the Bank of Spain’s regulatory approval means that LTP can legally operate under the MiCA framework. This provides institutional investors with transparent and secure access to the digital asset markets.
TCB has also rebranded as Liquidity Technology S.L., following the acquisition. The company said the newly rebranded platform will benefit from LTP’s advanced technology, deep liquidity network, and global infrastructure. The firm noted that the transition will broaden service offerings and enhance execution efficiency for institutional investors across Europe.
The European Union has continued to tighten its crypto regulatory framework via MiCA. With the acquisition, LTP wants to position itself as a major player in the industry and in the region. It will enable the company to easily integrate TCB’s regional proficiency into its global framework, providing a more efficient and secure trading environment.
LTP Wants To Use Digital Assets To Bridge Traditional Finance
Digital assets companies are always looking to bridge the gap between traditional finance and digital assets. With this acquisition move, LTP is reinforcing its commitment to innovation and compliance. The firm is expanding its operations in Europe through a regulated entity, which offers avenues for institutional investors to enter the digital assets markets in the region easily.
LTP says the acquisition aligns with its long-term ambition of using digital assets to bridge traditional finance in a way that’s both forward-looking and secure. LTP is also strengthening its executive board following the appointment of Eric Wang as its Head of Australia.
