Copper

Copper is custody and settlement infrastructure for institutions in the digital asset market. The company, with offices in London and Zug, was founded in 2018 and states that it safeguards client assets, handles settlement and helps manage collateral.

Custody and ClearLoop Copper offers Multi-Party Computation (MPC) custody, Prime Services, DeFi Connect and ClearLoop, an off-exchange settlement network. The idea is that assets stay with the custodian while they can still be traded on connected venues, so an organisation does not need to hold large balances directly on an exchange, which reduces counterparty risk. According to the company, ClearLoop is connected to Bybit, OKX, Deribit, Gate.io and Bitfinex.

What it covers - custody of digital assets; - OTC settlement; - collateral management for trading; - a bridge between custody and trading venues.

Markets and clients Stated locations are the United Kingdom, Switzerland, the UAE (ADGM), the United States and Singapore. Clients are institutional traders, hedge funds, market makers, exchanges and banks. The service is not meant for taking payments from shoppers at checkout.

Terms Pricing is institutional and discussed individually, as are supported assets and client requirements. When asking, specify whether you need custody, OTC settlement or collateral management.