LTP expands in Europe, acquires Spanish crypto firm Turing Capital Brokerage

MADRID, March 20, 2025 /PRNewswire/ -- LTP, a leading institutional prime brokerage specializing in digital asset markets, today announced the full acquisition of Turing Capital Brokerage ('TCB'), a Spanish brokerage firm licensed by the Bank of Spain to operate as a Markets in Crypto-Assets (MiCA) licensed entity, which provides a regulatory framework for crypto-assets, issuers, and service providers across the European Union.

TCB is a subsidiary of Turing Capital, a digital assets investment firm founded by serial entrepreneurs and long-time crypto investors Jorge Schnura and Javier Garay.  They, along with Leopoldo Moreno de la Cova Ybarra, founded TCB.

This strategic acquisition enables LTP to expand its presence to the European market while offering fully compliant digital asset brokerage services under the MiCA framework. With TCB's established regulatory standing and deep understanding of the European digital asset ecosystem, LTP aims to expand its service offerings, providing institutional clients with seamless, regulated access to crypto markets.

For TCB, now renamed as Liquidity Technology S.L ("LTP Spain"), the acquisition presents an opportunity to leverage LTP's advanced technology infrastructure, deep liquidity network, and global client base. The collaboration will allow LTP Spain to scale its operations, improve execution efficiency, and broaden its service capabilities to institutional clients across Europe and beyond.

As part of the acquisition, Leopoldo Moreno de la Cova Ybarra, will assume the role of Head of LTP Spain. His leadership and deep knowledge of the European digital asset market will be instrumental in driving LTP Spain's expansion in the region. Jorge Schnura will continue to advise LTP Spain.

The partnership seeks to bridge the gap between traditional finance and digital assets, fostering innovation while ensuring compliance with the latest European regulatory standards. By integrating LTP Spain's local expertise with LTP's global infrastructure, the two firms aim to create a more secure, transparent, and efficient trading environment for institutional investors.

"This acquisition marks a significant step in our mission to provide regulated, institutional-grade digital asset services on a global scale. With LTP Spain's MiCA-compliant adaptability and deep-rooted expertise in the European market, we are poised to deliver unparalleled access and liquidity to our institutional clients", said Jack Yang, Founder and CEO of LTP.

The acquisition underscores LTP's commitment to regulatory compliance and innovation in the evolving digital asset landscape, reinforcing its position as a trusted prime brokerage partner for institutions navigating the complexities of digital finance.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

LTP expands in Europe, acquires Spanish crypto firm Turing Capital Brokerage

BEIJING, March 22, 2025 /PRNewswire/ -- The Parallel Forum on Inclusive Finance and Approaches to New Energy Industrialization Development was held in Beijing on March 20.

As a side event of the 2025 Global South Financiers Forum, the forum, hosted by the Brand Work Office of Xinhua News Agency, China Economic Information Service, and Shanxi Branch of Xinhua News Agency, fostered diverse dialogues and exchanges under the theme of "Inclusive Finance and Approaches to New Energy Industrialization Development", sharing experience and building consensus.

Klaus-Dieter Kaempfer, Chief Executive of Absa China, highlighted Absa's efforts in driving economic growth across 12 African markets over 130 years. Absa established a non-banking subsidiary in Beijing a year ago to support Chinese enterprises and investors in exploring African markets.

China has become the world's largest producer of electric vehicles, while Indonesia is also intensifying efforts in the regard, noted Mohammad Faisal, Executive Director of the Center of Reform on Economics (CORE Indonesia). CORE Indonesia has been conducting research in this field as an economic think tank, but considering the significant challenges faced by developing countries in promoting green energy and green industrialization, this forum serves as a valuable platform for mutual learning and experience sharing.

Lyuliang is leveraging its industrial strengths to foster new quality productive forces in the energy sector amidst green and sustainable development, according to Xiong Yizhi, mayor of Lyuliang City. By introducing favorable policies and innovative financial products, Lyuliang has accelerated its new energy industry development, with new energy installation capacity now accounting for over 30 percent of its total.

Zheng Peng, Chairman and President of Pengfei Group, delivered a keynote speech on the company's effort in green development. As one of China's top 500 enterprises, it follows China's dual carbon goals and Shanxi's hydrogen energy development plan.

During the event, China Economic Information Service unveiled the China (Xiaoyi, Lyuliang) Hydrogen Energy High-quality Development Index Report during the event. The index, which monitors high-quality hydrogen energy development at both national and local levels, showed steady growth from 2021 to 2023.

Besides, a roundtable session of the forum brought together renowned financiers and government representatives to explore the role and mechanism of inclusive finance in advancing new energy industrialization.

Original link: https://en.imsilkroad.com/p/344869.html

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Xinhua Silk Road: Parallel Forum on Inclusive Finance and Approaches to New Energy Industrialization Development held in Beijing