Copper.co, a London, UK-based custodian for digital assets, raised USD$8m in Series A funding.
Backers included Target Global and MMC Ventures.
The company intends to use the funds to develop regional client-facing operations in key geographies around the world, such as North America and Asia, and accelerate the launch of new products.
Launched in 2018, Copper is a custodian for digital assets. Its infrastructure enables institutions to acquire, store, and trade digital assets while its multi-signature safeguarding application allows institutions to have complete certainty that their capital is not at risk of theft, whether it be from hackers or bad players in the industry. . The company’s client base includes crypto funds, institutions and HNW private traders. Monthly digital asset trading volumes exceed $0.5 billion.