London-based Custodian For Digital Assets, Copper, Reach $500m In Transactions In Just Three Months

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Since launching its infrastructure in June, Copper, the London-based custodian for digital assets, has already processed $500m in transactions witnessing exponential growth in the use of its trade and settlement Infrastructure and showing a whopping 50% increase in volumes month-on-month.

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Dmitry Tokarev, Founder & CEO of Copper, commented:

“Although we expected to see a gradual uptake in execution and settlement volumes across our clients, it’s really heartening to see such a rapid increase in engagement.

“Not only are we trusted by investors and funds to hold millions of dollars’ worth of their assets and facilitate their high-volume trading needs – but our proven T-0 settlement time allow our customers to work their capital harder and potentially increase profit.

“We are working on other unique services which will give our institutional customers additional tools to engage with the digital asset markets which we expect to go live in Q4.“

The company provides digital asset safeguarding for multiple funds and investors operating a full range of investment strategies. Now, clients such as GSR, a large market-maker and liquidity provider for digital assets, are taking full-advantage of Copper’s multi-account, multi-currency trading platform and T-0 settlement solution. As the firm moves towards fiat custody and settlement, it has also agreed to work with Signature bank to provide T-0 USD settlement.


Institutional custody & prime brokerage for digital assets
Secure cryptocurrency custody, acquisition and transfer infrastructure
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Copper has been repeatedly recognised for its market-leading settlement solutions by financial and fintech organisations. Most recently, Copper announced in May that it was selected by SWARM, an infrastructure provider for the issuance and trading of digital assets, to integrate Copper’s technology which provides institutional grade security fundamental to the mass market trading of digital securities.

Jakob Palmstierna, director of investment solutions, GSR, stated:

“The secure repository and trading of digital assets is imperative for facilitating institutional adoption. GSR services the trading needs of counterparts when they are entering and exiting risk trades, or when they require bespoke risk exposures.

“It is encouraging for us to see the growth of this type of settlement infrastructure in the crypto industry. Copper has been at the forefront of this development when it comes to robustness and security.”

Copper, designs & develops the award-winning infrastructure which enables institutions to acquire, store, and trade digital assets in a manner which satisfies global investors and regulatory standards. Its multi-signature safeguarding application allows institutions can have complete certainty that their capital is not at risk of theft, whether it be from hackers or bad players in the industry.

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About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work and ideas have been translated into Dutch, Greek, Polish, German and French. A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world. In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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