LTP, a specialist in digital asset markets, has completed its acquisition of Spanish brokerage Turing Capital Brokerage (TCB), expanding its footprint in Europe.
Acquisition Details
LTP has announced the full acquisition of Turing Capital Brokerage, a firm licensed by the Bank of Spain and compliant with the MiCA framework for crypto-assets within the EU. TCB is a subsidiary of Turing Capital, an investment firm founded by entrepreneurs Jorge Schnura and Javier Garay, along with Leopoldo Moreno de la Cova Ybarra.
Impact on LTP and TCB
The acquisition allows LTP to expand into Europe, offering compliant digital asset brokerage services. TCB, now renamed Liquidity Technology S.L ('LTP Spain'), can leverage LTP’s technology, liquidity, and client base to enhance its efficiency and service offerings.
Future Outlook
Leopoldo Moreno de la Cova Ybarra will lead LTP Spain. The partnership aims to bridge traditional finance and digital assets, promoting innovation and compliance with European standards, with Jorge Schnura continuing as an advisor.
The acquisition of TCB underscores LTP's commitment to regulatory compliance and innovation in the digital asset sector.
