As a wave of bankruptcies is still shaking the cryptocurrency market, UK banking giant Barclays has decided to purchase a stake in Copper, one of the most recognizable companies in the rapidly developing sector.
The UK-based lender is one of a crop of new investors entering a capital round for Copper, a company that includes former UK chancellor Lord Hammond among its advisors, according to a report by Sky News published on July 24.
As per sources in the City of London, it is anticipated that Barclays will invest a moderately sized amount “in the millions of dollars” as part of the round. The conclusion of the fund-raising is expected to take place within the next several days.
Copper digital asset investing
Notably, Copper offers institutional investors investing money in cryptocurrency assets a range of services, including custody, prime broking, and settlement.
Dmitry Tokarev established the firm in 2018, and it has already attracted investment from several major players in the...
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