" class="no-js "lang="en-US"> Alan Howard Leads $25m Extension to Copper.co’s Series B Fundraising
Wednesday, February 01, 2023
Saltedge Report

Alan Howard Leads $25m Extension to Copper.co’s Series B Fundraising

Copper, the leading London-based provider of digital asset custody and trading technology, today announces that Alan Howard, co-founder of asset manager Brevan Howard, has led a $25m extension to Copper’s recent $50m Series B funding round announced earlier in May that was led by Dawn Capital and Target Global.

The additional funding will be channelled towards Copper’s role enabling traditional financial services firms to benefit from Distributed Ledger Technology (DLT) and cryptoassets, particularly as the sophisticated requirements of multinational banks and traditional custodians add additional dimensions to the mass adoption of cryptoassets.

This additional funding signals the growing interest and endorsement from the traditional finance sector in cryptoassets. Alan Howard is an investor in companies such as Coinshares, Block.one and Elwood, an institutional crypto market access and trading tech platform enabling FinTechs, Asset Managers and Financial Institutions with the broadest range of crypto assets.

Copper has also entered into a strategic partnership with Elwood. James Stickland, CEO of Elwood, said; “The combined expertise of Elwood and Copper in digital assets will help both companies to progress their developments in crypto trading technology and prime services serving institutional investors.”

Alan Howard, co-founder of asset manager Brevan Howard, commented; “I am delighted to have the opportunity to support Copper. Their pioneering technology, particularly in the security and speed of cryptocurrency transactions, is essential for the traditional world to offer crypto products to their clients. This, coupled with their relentless focus on servicing clients with industry-leading customer support, is taking the best from both worlds and positioning the firm as the dominant player in the digital asset infrastructure space.”

Dmitry Tokarev, CEO of Copper, added; “We’re very grateful for Alan’s backing. His early commitment to the space sets him out from other traditional players and we value the experience and expertise he brings not just to Copper, but to the whole digital asset ecosystem. As the sector grows so too does the interest from traditional institutions, but there are still barriers to entry for these firms, particularly around the speed and security of trading. Copper is solving these issues with revolutionary products like ClearLoop, and with Alan’s endorsement we see the industry on the precipice of enormous growth.”

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