- Copper.co is now planning an expansion strategy, after closing the series A funding round.
- Copper.co’s walled garden covers 96% of the global crypto liquidity and has said that its system sees over £500 million in transactions every month.
- Mike Lobanov, general partner at Target Global said explaining the Copper.co’s walled garden.
The London based cryptocurrency custodian, Copper.co, had announced the news of securing a huge $8 Million funding. Copper.co is now planning an expansion strategy, after closing the series a funding round.
Target Global, LocalGlobe, and MMC Ventures were some of the big venture capitals present at funding event.
“This venture funding round is a real vote of confidence from investors. Their support will allow us to accelerate our scale-up, hiring teams in key regions and introducing new products and services to meet their needs better.”
said the CEO of the company, Dmitry Tokarev, who is also its founder. The CEO was very happy and excited while sharing the big news with the world.
Coppeer.co was launched in 2018 and had instantly captured a big significant amount of market share in the institutional custodian market.
The company provides a military-grade protocol with optical air gapping and claims to make sure the security of any offline repository of the shared keys of the owner of the repository during the transaction signing process.
Copper.co’s walled garden covers 96% of the global crypto liquidity and has said that its system sees over £500 million in transactions every month. The funds were raised in the sights of the company’s recent seed round, which raised the company $1.3 million in total.
The CEO, Dmitry Tokarev, also added,
“Our Walled Garden and Prime Brokerage infrastructure truly look after the security and trading needs of institutions, regardless of their investment strategies and goals. We are seeing volumes increase as our clients see the advantage of our prime brokerage solution, which allows them to make transactions across many trading venues securely and efficiently.”
The Singapore based XinFin had also tied up with Copper.co to receive global support for its a native digital token.
“Unlike many startups in the crypto market, Copper is built for asset managers by asset managers themselves. Copper’s infrastructure provides institutions with traditional prime brokerage services for the crypto world. Being the first in the market, Copper’s Walled Garden allows secure and instant trades across different exchanges, which is a fundamental breakthrough in the market,”
Mike Lobanov, general partner at Target Global said explaining the Copper.co’s walled garden.