Today London-based Copper announced it raised a $50 million Series B for its digital asset custody and infrastructure. The round was co-led by Dawn Capital and Tiger Global. This follows a February 2020 Series A that raised $10 million.
The 2018 founded company says it serves 200 clients, including exchanges, trading firms and private banks. Copper will use the proceeds to open offices in the U.S. and Asia, expand its team and further develop its product suite.
Apart from custody, it has its ClearLoop network to link with exchanges and real-time post-trade settlement.
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