Digital Asset Custodian Copper.co Raises $8 Million

Copper.co, a London-based custodian for digital assets, announced it has raised $8 million in Series A funding from investors like Target Global, MMC Ventures, and LocalGlobe. Copper designs and develops the infrastructure which enables institutions to acquire, store, and trade digital assets in a manner that satisfies global investors and regulatory standards. And he founded Copper after witnessing the increased demand from institutions to enter the digital asset space but finding there were not any appropriate services to enable them to do so effectively and securely. “We believe that the crypto market is lacking infrastructure enabling secure storage, seamless transfer and settlement of digital assets”, explained Mike Lobanov, General Partner at Target Global. Copper’s founders’ deep understanding of its clients’ challenges, needs, and existing references provides a great platform for market leadership,” noted Brett.