London-Based Crypto Custodian Copper Raises $8M for Expansion Overseas
Copper uses its "Walled Garden" infrastructure to allow clients to trade crypto assets more securely from custody.
The service allows institutional investors to securitize a range of crypto-based products, from token trackers to complex trading strategies.
Crypto custodian Copper is joining the Official Monetary and Financial Institution Forum's new think tank to discuss how central banks are evaluating digital currencies.
The new tool, CopperConnect, covers the "DeFi lifecycle" as an asset moves from custody to smart contract and back.
Crypto custodians are in a race to build the next State Street or BNY Mellon.
Copper's ClearLoop tool lets two parties finalize all details of a trade before transferring the seller's assets to the buyer's possession, rather than force the seller to store these assets on an exchange.