LTP Expands in Europe, Acquires Spanish Crypto Firm Turing Capital Brokerage

LTP, a leading institutional prime brokerage specializing in digital asset markets, today announced the full acquisition of Turing Capital Brokerage ('TCB')

Leading institutional prime brokerage expands in Europe with acquisition of Spanish crypto firm

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. It is licensed by the Bank of Spain to provide and operate as a Markets in Crypto-assets (MiCA) licensed entity, which provides a regulatory framework for crypto-assets, issuers, and service providers.

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 will enable LTP to expand its presence into the European market. At the same time, it will be able to offer fully compliant digital asset brokerage services.

TCB, now renamed as Liquidity Technology S.L ("LTP Spain"), will benefit from LTP's advanced technology infrastructure, deep liquidity network, and global client base. The collaboration will allow LTP Spain to rapidly 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 aims to bridge the gap between traditional finance and digital assets, facilitating 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.

This partnership highlights both companies' dedication to advancing the institutional digital asset industry. It also underscores LTP's commitment to regulatory compliance and innovation in the evolving digital asset landscape, further reinforcing its position as a trusted prime brokerage partner for institutions navigating the complexities of digital finance.