Ex-UK Chancellor Philip Hammond Joins Crypto Custodian Copper in Advisory Role
Hammond will advise the company on its global expansion efforts.
Former U.K. Chancellor Philip Hammond has joined crypto infrastructure provider Copper as a senior adviser.
- Now a member of the House of Lords, the former chancellor will provide strategic advice to the company on its global expansion efforts, Copper announced Monday.
- Hammond served under Prime Ministers David Cameron and Theresa May from 2010 to 2019, including three years as chancellor and two as foreign secretary.
- Copper, which says it has more than 400 institutional clients, raised $25 million in a funding round that was led by hedge fund manager Alan Howard in June, supplementing the $50 million Series B funding round of a month earlier that was co-led by Dawn Capital and Target Global.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.