Copper

Copper provides custody, prime services and settlement infrastructure for institutions that hold or trade digital assets. Its core products are multi-party-computation custody and ClearLoop, a network that lets clients trade on exchanges while assets stay in custody, reducing counterparty risk. Founded in London in 2018 by Dmitry Tokarev, who remains chief executive, it serves hedge funds, asset managers, exchanges and corporates. Copper raised a $1.3 million seed round in 2018, an $8 million Series A from Target Global, LocalGlobe and MMC Ventures in 2020, a $50 million Series B co-led by Dawn Capital and Target Global in 2021, and a larger round in 2022, with aggregate funding of roughly $281 million and a reported valuation of about $2 billion.