copper

Copper CEO Dmitry Tokarev
Copper to Lay Off Up to 15% of Staff, Focus on Crypto Custody, Settlement
The process is just getting under way and the company, which employs about 300, said it cannot put an exact number on job losses.
Copper CEO Dmitry Tokarev

State Street building in London (Danny Nelson/CoinDesk)
Banking Giant State Street Cuts Ties With Crypto Custody Firm Copper
State Street and Copper have mutually decided to end their licensing agreement, a spokesman for the bank said.
State Street building in London (Danny Nelson/CoinDesk)

A Copper-branded keychain. (Danny Nelson/CoinDesk)
Crypto Custody Firm Copper Shelves Enterprise Business: Source
Focusing on Copper’s Clear Loop custody and settlement business made more economic sense going forward.
A Copper-branded keychain. (Danny Nelson/CoinDesk)

A Copper-branded keychain. (Danny Nelson/CoinDesk)
Crypto Custody Firm Copper Alerted to Security ‘Incident’ Over Christmas
Copper said some “concerning behavior” had been detected, and that a “machine-generated alert had been triggered.”
A Copper-branded keychain. (Danny Nelson/CoinDesk)

UK embraces bitcoin
Ex-UK Chancellor Philip Hammond Urges Accelerated Efforts to Become Crypto Hub: FT
Hammond, chair of custody company Copper, said the U.K. is falling behind neighboring countries and needs to accept "measured risk."
UK embraces bitcoin

CDCROP: Handshake (Shutterstock)
Crypto Exchange BitMart to Join Custodian Copper’s ClearLoop Network
Institutional clients will be able to trade on the BitMart exchange while their digital assets remain safeguarded in Copper’s custody.
CDCROP: Handshake (Shutterstock)

CDCROP: AON Building (Shutterstock)
Crypto Custody Firm Copper Inks $500M Insurance Deal With UK Giant Aon
The deal provides cover for employee collusion, third-party theft and physical loss of or damage to digital assets held by the London-based company.
CDCROP: AON Building (Shutterstock)

CDCROP: Close up of Copper wire (Shutterstock)
Crypto Custodian Copper Raises $196M in Series C Funding Round
The company also reported a loss of $16 million last year, up from $4.1 million in 2020.
CDCROP: Close up of Copper wire (Shutterstock)

CDCROP: Newly appointed chief risk officer Tim Neill (Copper)
Crypto Custody Firm Copper Appoints Tim Neill as Chief Risk Officer
Neill, who has 20 years of experience in operations and risk management, previously worked at Mastercard.
CDCROP: Newly appointed chief risk officer Tim Neill (Copper)