Copper provides secure cryptocurrency custody through a multi-party computation (MPC) architecture, enabling institutional investors to manage digital assets without exposing them to exchange counterparty risk. Its ClearLoop network facilitates off-exchange settlements, allowing seamless trading on centralized exchanges while maintaining asset security.
Funding
$328.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+9Founders
Product
Problem
Institutional investors face significant security risks when managing digital assets, including potential loss of funds due to exchange counterparty risk and the complexities of securing private keys. Traditional custody solutions often lack the agility required for active trading and participation in decentralized finance (DeFi).
Solution
Copper provides a secure and scalable platform for institutional digital asset management, leveraging multi-party computation (MPC) technology to eliminate single points of failure in key management. The ClearLoop network enables off-exchange settlement, allowing clients to trade on centralized exchanges and access DeFi opportunities without moving assets from secure custody. Copper's integrated platform supports a range of services, including custody, prime services, DeFi connectivity, staking, and treasury management, all within a unified interface. This comprehensive approach allows institutions to manage their digital asset portfolios efficiently while maintaining the highest levels of security and compliance.
Target Audience
Copper primarily serves institutional investors, including hedge funds, trading firms, foundations, exchanges, ETP providers, venture capital funds, and miners, who require secure and scalable solutions for managing digital assets.
Features
- Multi-party computation (MPC) key management for secure digital asset custody
- ClearLoop network for off-exchange settlement, mitigating exchange counterparty risk
- Support for a wide range of digital assets, including cryptocurrencies and tokens
- Integrated platform for custody, prime services, DeFi connectivity, and staking
- Treasury management tools for efficient portfolio management
- Wallets-as-a-Service to automate client deposits with proxy wallet infrastructure
- Scalable infrastructure to support high-volume trading and complex strategies
- Customizable role-based access controls and audit trails for compliance