Digital assets firm Copper is reportedly raising fresh funds, with banking giant Barclays among the new backers, according to a Sky News report citing sources from the City of London.
Per the report, Barclays is investing “a relatively modest sum in the millions of dollars” as part of Copper’s latest financing round, which is expected to be finalized “within days.”
Founded by Dmitry Tokarev in 2018, Copper provides custody, prime broking, and settlement services to institutional investors. The firm has also developed a proprietary trading technology, ClearLoop, which connects crypto exchanges and offers offline storage of funds while trades are executed.
The London-based firm secured $75 million in a Series B funding round in June last year, with billionaire investor Alan Howard leading a $25 million extension to the raise.
The firm has also drawn several other big names in the global venture capital sector, including LocalGlobe, Dawn Capital, and MMC Ventures.
Additionally, Copper...
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