Overview
Copper.co is an institutional-grade digital asset custody and trading solutions provider, based in London. Copper.co focuses on reducing counterparty risks, enhancing capital efficiency, and granting control to its institution-based clientele. The company offers an extensive suite of services, including institutional custody, prime services, and collateral management. Copper.co is a key player in the digital asset infrastructure space and pioneers technologies to integrate traditional finance with cryptocurrency offerings.
Key Services and Products
- ClearLoop: A market-first solution for off-exchange settlement, allowing institutions to trade on centralized exchanges without transferring assets from Copper's secure custody.
- Custody Services: Provides secure digital asset custody solutions.
- Network: Delivers a scalable and custodian-agnostic settlement network.
- DeFi Connectivity: Offers an institutional DeFi stack.
- Staking: Includes custody-integrated staking functionalities.
- Wallets-as-a-Service: Automates client deposits through proxy wallet infrastructure.
- Treasury Management: Facilitates integrated management across Copper and exchange accounts.
Customer Base
Copper.co caters to a diverse range of institutional clients, including:
- Hedge funds
- Trading firms
- Foundations
- Exchanges
- ETP providers
- Venture capital funds
- Miners
Recent Developments and Growth
Copper.co recently concluded a significant Series C funding round, raising $196 million. The round, which included participation from Barclays, values the company at $2 billion. Strategic partnerships, such as integrations with Marinade Finance and Radix, have expanded Copper's capabilities for asset optimization and institutional custody services.
Leadership Team
- Dmitry Tokarev: Founder and Chief Executive Officer, utilizing his financial engineering background to steer Copper.co's strategic direction.
- Sam Goh: Chief Financial Officer, previously with Credit Suisse, has extensive experience in financial management and partnerships.
- Stefano Maestri: Chief Technology Officer, leverages over 25 years of technology expertise to drive innovation.
- Sam Brown: General Counsel, formerly at Coinbase, provides critical legal insights and guidance.
- Tim Neill: Chief Risk Officer, a seasoned expert focused on risk management in financial services and technology.
Strategic Focus
Copper.co aims to deepen its penetration into the institutional digital asset market by enabling secure, scalable, and efficient interactions between traditional and digital finance. Their strategy is highlighted by collaborations with entities like the HBAR Foundation and innovative scalable custody solutions, which keep Copper.co at the forefront in this rapidly evolving market.
Competitor Profiling
Copper.co operates in a highly competitive landscape with several key players offering innovative digital asset management and security solutions:
BitGo
Founded in 2013, BitGo is a leader in digital asset trust and custody, providing services such as custody, wallets, staking, trading, financing, and settlement. The platform supports over 200 coins and tokens, operating across 50 countries and serving major exchanges. BitGo introduced the BitGo Trust Company in 2018, offering regulated storage solutions complemented by cold storage.
Fireblocks
Fireblocks is a platform offering secure infrastructure for moving, storing, and issuing digital assets. It employs multi-party computation (MPC) and patent-pending chip isolation technology to reduce operational risks. Fireblocks has expanded into the Web3 space and acquired tokenization firm BlockFold, showcasing its commitment to innovation.
Qredo
Founded in 2018, Qredo provides a cross-chain liquidity protocol utilizing distributed multi-party computation (dMPC) technology. This approach supports decentralization and compliance, enabling secure custody and trading solutions across different blockchain environments. Qredo offers institutional-grade security and transaction management flexibility.
Additional Players
Other competitors include Binance, a global leader in cryptocurrency exchanges, and Gate.io, serving millions of global users with a diverse array of services. These firms contribute to a competitive environment with ongoing advancements in blockchain and digital asset technologies.
Engagement with the Music Marketplace
Copper.co actively seeks innovative collaborations within the digital asset sector to expand its services and provide comprehensive digital trading solutions. The company engages potential clients through state-of-the-art API integrations and robust security protocols. Prospective clients can contact Copper at hello@copper.co or +41 41 562 0675 for more information or to arrange a demo.
