How it Works
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Status
Available
Last Round Valuation
$50 Billion
Share Price
$50.00
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Since being founded in 2018, Copper has been setting the standard for institutional digital assets by offering custody, trading, prime services, and collateral management of digital assets. Underpinned by multi-award-winning technology, Copper has built the comprehensive and secure products and services required to safely custody and trade cryptocurrencies and other digital assets such as tokens and stablecoins. At the core of Copper’s infrastructure is ClearLoop, which enables clients to trade and settle in near real-time across multiple exchanges, while mitigating counterparty risk and increasing capital efficiency.
Institutional investment in digital assets is accelerating at a rapid pace, but new infrastructure is required to safeguard custody and support efficient trading of this emerging asset class.
Institutions face significant challenges when it comes to interacting and trading across centralized exchanges, including significant operational and counterparty risks. Investment remains hampered by the lack of adequate infrastructure that can satisfy global investors and regulatory standards.
Copper designs and develops the infrastructure which enables institutions to acquire, store, and trade digital assets in a compliant manner allowing them to have complete certainty that investors’ capital is safe.
Copper provides global banks, payment service providers (PSPs), exchanges, trading firms, and foundations with infrastructure to access digital asset markets and securely hold and trade crypto assets.
Copper’s platform combines a suite of technology and prime brokerage solutions, from flexible custody to margin lending and over-the-counter (OTC) execution, along with instant offline transfer, and settlement across a proprietary integrated network of crypto exchanges.
At the core of Copper’s infrastructure is ClearLoop, a framework that connects the universe of exchanges in one secure trading loop — with real-time settlement across the Networks.
Integrated with market-leading spot and derivative crypto exchanges, ClearLoop has already transformed the way in which institutional investors engage with the cryptocurrency asset class since launching in May 2020.
ClearLoop enables clients to trade directly from their custody account, without having to move their funds/assets to exchanges. This delivers multiple benefits such as reducing credit risk, optimizing capital efficiency, and over time this should foster positive network effects.
ClearLoop also increases capital efficiency, letting users delegate assets on, off, and between exchanges in near real-time.
Copper’s award-winning Custody technology serves as an end-to-end multi-party computation (MPC)-protected custodial architecture for digital assets that provides maximum security without compromise or transactional control.
Copper’s MPC technology implements a Zero-Trust methodology for executing transactions and transfers. MPC removes the entire concept of a key and splits the key shards between the custodian, the client, and a third party. This ensures that assets remain safe from both external and internal attacks.
Copper custody can be used to create a secure closed environment for the transmission of assets across multiple exchanges, hot wallets, and offline vaults.
Copper’s security offering also includes comprehensive insurance policies, 24/7 SOC & specialist incident response, AI/ML-enabled events & incident management, click-of-a-button access to deep liquidity with 10+ Market Makers, one simple home for price discovery and execution, completely private and anonymous trades with real-time instant settlement, aggregated liquidity with limit orders to ensure best execution price, and live price updates every 3 seconds.
Within Copper’s platform, users can also stake assets held in Copper’s custody and access DeFi protocols – all with the help of a dedicated account manager.
Copper is a member of the International Swaps and Derivatives Association (ISDA), Alternative Investment Management Association (AIMA), Chamber of Digital Commerce, the Official Monetary and Financial Institutions Forum (OMFIF), Swiss Financial Services Standards Association (VQF) Global Blockchain Business Council (GBBC), techUK, and Travel Rule Universal Solution Technology (TRUST).
Copper’s employee growth rose by 188% in 2022, a year characterized by massive lay-offs in crypto and the broader technology sector, and the company welcomed six appointments to its leadership team.
In November 2023, Copper and BitGo, a leading digital asset custodian, announced their partnership to expand their existing off-exchange settlement networks. This partnership between BitGo’s Go Network and Copper’s ClearLoop facilitates the global growth of institutional market participation as well as the de-risking of trading market infrastructure. Dmitry Tokarev, CEO at Copper.co said “Together with BitGo we are working to provide safe and reliable custody and trading services for institutional investors outside of the US. Copper is proud to collaborate with leaders like BitGo, to keep developing the most trustworthy and responsible financial market infrastructure, showing our dedication to the long-term success of the digital asset ecosystem.”
In October 2024, Copper appointed Amar Kuchinad, a former managing director at Goldman Sachs Group Inc., as group chief executive, replacing Dmitry Tokarev. This move is aimed at attracting more traditional financial firms as clients and expanding its presence in the U.S. market. It determined that the most effective long-term strategy would be to concentrate on how its blockchain-based collateral management technology could be applied within traditional financial institutions. As part of this strategy, the company plans to pursue custodial and money-transmitter licenses in the U.S., including New York’s BitLicense, Kuchinad revealed in a joint interview with Tokarev.
In October 2024, Copper announced that its ClearLoop processed around $121.2 billion in trading volume in July 2024, almost double that of two months earlier. “We have plenty of runway to execute on the business plan,” Amar Kuchinad said. “Any fundraising would be opportunistic or with strategic partners in mind.”
Your access to private investment
Customers
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Key Investors
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Size of Market
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Market Position
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Industry
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Primary Vertical
Digital Assets
Employees
500
Mosaic Score
840
Money
760
Momentum
850
Management
760
Market
960
What is a Mosaic Score?
| Name | Work History | Title | Status |
|---|---|---|---|
| John Smith | Aenean, quam eu, diam dignissim | Chief Executive Officer | Current |
| John Smith | Aenean, quam eu, diam dignissim | Chief Executive Officer | Current |
| John Smith | Aenean, quam eu, diam dignissim | Chief Executive Officer | Current |
| John Smith | Aenean, quam eu, diam dignissim | Chief Executive Officer | Current |
Last Round
Sept. 2019, Series B1
Valuation Post-Money
$400.2M
Amount Raised
$2.5M
Total Funds Raised
$75.2M
Implied Valuation
$84M
| Date | Round | Amount | Valuation | Investors |
|---|---|---|---|---|
| MM/DD/YYYY | Growth Equity | $1M | $2.8B | Name goes here |
| MM/DD/YYYY | Growth Equity | $1M | $2.8B | Name goes here |
| MM/DD/YYYY | Growth Equity | $1M | $2.8B | Name goes here |
| MM/DD/YYYY | Growth Equity | $1M | $2.8B | Name goes here |
| Company | Valued | Revenue |
|---|---|---|
|
Coinbase San Francisco, CA |
$2.8B | $1.3B |
|
Coinbase San Francisco, CA |
$2.8B | $1.3B |
|
Coinbase San Francisco, CA |
$2.8B | $1.3B |
