Turing Capital Brokerage Acquired by LTP in European Expansion
Deal News | Mar 20, 2025 | PR Newswire Cision LTP
Liquidity Technology Providers (LTP), a prominent institutional prime brokerage in digital asset markets, has announced its strategic acquisition of Turing Capital Brokerage (TCB), headquartered in Spain. This move amplifies LTP's presence in Europe and offers access to the Markets in Crypto-Assets (MiCA) regulatory framework across the EU. TCB, formerly a trusted subsidiary of Turing Capital, will now operate as Liquidity Technology S.L (LTP Spain). The acquisition allows LTP to blend its robust global infrastructure with TCB’s regional expertise in European digital asset markets, offering compliant, regulated digital brokerage services to institutional clients. With Leopoldo Moreno de la Cova Ybarra leading LTP Spain, the firm aims to enhance service capabilities and expand its operations throughout Europe while maintaining compliance and fostering innovation. This acquisition underscores LTP’s commitment to blend traditional finance with innovative digital asset strategies, affirming its position as a key player in the digital asset sector.
Sectors
- Financial Services
- Digital Assets
Geography
- Europe – The acquisition allows LTP to expand its footprint in the European market, offering services compliant with EU regulations.
- Spain – The target company, Turing Capital Brokerage, is based in Spain, making it a crucial geographical center in this transaction.
Industry
- Financial Services – The acquisition is primarily related to the financial services industry as it involves a digital asset brokerage firm.
- Digital Assets – The transaction revolves around digital assets, specifically crypto-assets, and involves companies operating within this sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| LTP | Acquirer | Company | A leading institutional prime brokerage specializing in digital asset markets. |
| Turing Capital Brokerage | Target Company | Company | A Spanish brokerage firm licensed to operate as a MiCA entity, providing regulatory crypto services across the EU. |
| Turing Capital | Parent Company of Target | Company | An investment firm focused on digital assets, founded by seasoned crypto entrepreneurs. |
| Leopoldo Moreno de la Cova Ybarra | Head of LTP Spain | Person | Assumed leadership for LTP Spain, instrumental in European market expansion. |
| Jorge Schnura | Advisor | Person | Co-founder of Turing Capital and advisor to LTP Spain post-acquisition. |
| Jack Yang | CEO of LTP | Person | Founder and CEO of LTP, leading the firm’s expansion and regulatory compliance initiatives. |