BPX Membership: How Institutions Join a Regulated Marketplace for Alternative and Digital Assets

BPX membership gives institutions direct access to a UK FCA-authorised marketplace for alternative and digital assets, covering primary issuance, secondary trading on our Multilateral Trading Facility, repo lending, and supporting infrastructure such as the document library, reference library, market data and API access. Membership sits under BPX Global Limited, the regulated entity operating BPX Markets from London.

Key Takeaways

• BPX is a UK FCA-authorised Multilateral Trading Facility operator and Alternative Investment Fund Manager, and is also registered by the FCA as a cryptoasset firm.
• Membership covers the full securities lifecycle inside one venue: primary issuance, secondary trading, repo lending, custody and settlement.
• BPX was accepted into Gate 1 of the Bank of England and FCA Digital Securities Sandbox, the first hybrid trading venue admitted to that programme.
• Members get access to the document library, reference library, market data and API market access alongside trading rights.
• BPX membership and trading services are intended for UK residents only, under the terms published on our site.

What BPX Membership Actually Includes

Membership is not a single product. It is admission to a set of connected services that together cover the whole lifecycle of an alternative or digital asset, from the moment it's structured through to settlement and ongoing reporting.

Every one of these sits inside a single regulated framework rather than a patchwork of separate vendor relationships. An issuer bringing a private credit fund to market through Fund management can use the same membership to admit that fund, trade it on the secondary market, and pledge it as repo collateral later, without opening a second account elsewhere.

How Do You Apply for BPX Membership?

Institutions apply for BPX membership by contacting our institutional markets team directly, who assess the applicant against our regulated onboarding requirements before granting trading and platform access. The process runs through the same team that handles trading and partnership enquiries.

There is no separate self-service signup form for trading rights. Applicants work through our team at [email protected] or +44 203 005 4499, and our institutional markets desk operates 08:00 to 16:30, Monday to Friday. The BPX Membership page sets out how members can trade on BPX, and the Contact BPX page routes enquiries to the right desk, whether the question concerns membership, trading, or partnership terms. Our office sits at 83 Baker St, London W1U 6AG.

The Regulatory Foundation Behind Every BPX Membership

BPX Global Limited holds three distinct FCA authorisations that between them cover the parts of the lifecycle membership is built around. We're authorised to operate a Multilateral Trading Facility, which is the regulatory basis for secondary market execution. We're authorised to act as an Alternative Investment Fund Manager, which underpins fund structuring and digital issuance for issuers. And we're registered by the FCA as a cryptoasset firm, which covers our work with tokenised and digitally native instruments.

Alongside those authorisations, BPX was accepted into Gate 1 of the Bank of England and FCA Digital Securities Sandbox, the first hybrid trading venue admitted to that programme. We also sit on the UK Digital Asset Taskforce, the FIX Trading Community, and the UK's T+1 Accelerated Settlement Taskforce, which puts BPX inside the industry groups actively shaping how digital and traditional securities infrastructure evolves in the UK. For members, this means the venue they're trading on is built on the same regulatory footing used across UK capital markets, applied to a broader asset set.

What Is in BPX's Document Library and Reference Library?

The document library holds our rulebook, membership agreements and technical documentation, while the reference library holds reference data, market notices and the calendar of UK bank holidays that affect market closures. Both are available to members as part of standard access, not as a paid add-on.

Members use the document library to check admission requirements, settlement rules and the technical specifications for connecting via API. The reference library is the operational layer underneath that: notices about instrument changes, reference data for pricing and reconciliation, and the dates markets close. For a member running settlement or risk processes against BPX activity, that calendar matters as much as the rulebook itself, since it determines when trades clear and when they don't.

Why Pre-Trade and Post-Trade Transparency Matter to Members

Pre-trade and post-trade transparency are built into how our Multilateral Trading Facility operates, giving members visibility into quotes and orders before execution and reporting on completed trades afterward. Both sit alongside our secondary market service as part of the same regulated infrastructure.

For an institution allocating to private credit or a tokenised money market fund through BPX, transparency is what makes the venue usable for internal risk and compliance sign-off. Pre-trade data lets a desk assess where a market is before committing capital. Post-trade reporting closes the loop, feeding into the same settlement and custody processes that sit behind trading services on our marketplace. Members working across both traditional and tokenised instruments get that reporting through one venue, rather than reconciling separate feeds from separate platforms.

Who Leads BPX

BPX was founded by Ali Celiker, who serves as Founder and CEO. Tony Scawthorn is Managing Director, Lord Stanley Fink is Chairman, and Dr Robert Barnes acts as Investor and Adviser. Details on the team and the regulatory basis for the marketplace sit on our About BPX page.

For an institution weighing up membership, who sits behind the venue is part of the decision. BPX combines capital markets and fintech backgrounds across its leadership, and that team is the one accountable for the FCA authorisations, the Digital Securities Sandbox status, and the ongoing operation of the marketplace members trade on.

Frequently asked questions

Can non-UK institutions become BPX members?

BPX's services and products are intended for use by residents of the United Kingdom only and are not aimed at or intended for use by residents of any other jurisdiction. Institutions based outside the UK should raise their specific circumstances with our team before assuming eligibility, since membership terms are scoped to UK residents.

Does BPX membership include API market access?

Yes. API market access is one of the standard components of BPX membership, alongside the document library, reference library, market data, and pre-trade and post-trade transparency. It gives members programmatic connectivity for trading and settlement workflows that run through their own systems rather than through a manual interface.

What happens to uninvested client money held with BPX?

Uninvested funds sitting in an investor's account wallet are held in a segregated client money account at Barclays Bank UK Plc and protected by the Financial Services Compensation Scheme up to a personal limit of £85,000 per financial institution. Full detail on this arrangement is set out in our Risk Warning.

How do I start the BPX membership process?

Membership starts with a conversation with our institutional markets team, who assess the application against our regulated onboarding requirements. Reach the team at [email protected], on +44 203 005 4499 during our 08:00 to 16:30 Monday to Friday hours, or through the BPX Markets page, which sets out how members trade once admitted.

If you're weighing up membership, whether you're structuring a new fund, moving existing trading activity onto a regulated venue, or simply working out which of our services fits your setup, send the details through the form below this article and our team will pick it up from there.