The crypto
custody and trading solutions company Copper, led by former British Chancellor
Phillip Hammond, is expanding its services to include securities. This move
aims to attract institutional investors by offering smart contracts and
tokenized assets within traditional financial markets.
According
to the company’s recent announcement, blockchain technology will enhance trading
efficiency and performance, applicable to less liquid and highly liquid assets.
This development responds to the growing interest of institutional investors
and technology giants in the digital assets space.
Initially,
Copper Securities will provide custody and execution services to clients,
planning to add access to payment applications and securities financing within
the next year.
Earlier in
2023, Copper announced that Lord Philip Hammond, former Chancellor of the
Exchequer, became its new Chairman, having served as Senior Adviser since
October 2021.
“I
remain firmly of the view that the post-Brexit UK Financial Services sector
needs to embrace Distributed Ledger Technology as a key part of its strategy to
remain a major global financial center,” Hammond then commented.
This
initiative is not Copper’s first attempt to leverage the growing institutional
appetite for cryptocurrencies
