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Project Overview
Copper is a digital asset infrastructure firm transforming how institutional investors engage with digital assets. It provides market-leading infrastructure, including custody, trading, and prime brokerage solutions. Its custody application uses multi-party computation (MPC) encryption and can be configured to support cold, warm, and hot wallet solutions. Its ClearLoop network enables off-exchange trading and settlement at tier-1 digital asset exchanges.
Cryptocurrency custody firm Copper is seeking to sell the company at a valuation of approximately $500 million.
According to CoinDesk, cryptocurrency custody firm Copper is seeking to sell the company at a valuation of approximately $500 million and has engaged Wall Street investment bank Cantor Fitzgerald to assist with the transaction. Copper’s core asset is its ClearLoop custody-based settlement system, which enables institutional clients to execute delivery versus payment (DvP) transactions without moving assets on-chain, effectively eliminating settlement risk. The company currently boasts over 1,000 active counterparties and processes over $50 billion in notional trading volume monthly. Copper had previously considered an IPO, but the broader crypto IPO market has entered a wait-and-see phase amid sluggish Bitcoin prices and the capital-attracting effect of the AI sector.
Crypto Hedge Funds Shift to Traditional Assets; Crude Oil, Copper, and Nasdaq-100 Appear on All-Weather Trading Platforms
According to Bloomberg, cryptocurrency hedge funds are extending their trading activities into traditional commodities and stock indices. Previously, these funds operated in the cryptocurrency markets—long overlooked by Wall Street—trading tokens on 24/7, clearinghouse-free, and unregulated platforms. Now, traditional assets such as crude oil, copper, and the Nasdaq-100 Index are increasingly appearing on these platforms, signaling that cryptocurrency trading infrastructure is penetrating mainstream financial assets.
Related news
Morgan Stanley: CPO Not That Fast, Copper Cables Can Last Two More Years
According to TechFlow Research, Morgan Stanley's July 13 report indicates that large-scale adoption of CPO in Scale-Up networks is expected in 2029 and beyond, with only small-scale introduction in 2028. Recent market concerns about CPO "delays" are excessive; the core reason is that CPO involves rebuilding the supply chain for packaging, optical engines, and lasers, and NVIDIA's Feynman generation is the timing anchor for CPO rollout. Copper cables can last another two years thanks to innovations such as PAM4 modulation, DSP, and retimers. The evolution of AI cluster scale from 72 GPUs to 576 or even 1152 is the core driver. 2026 marks the starting point of the non-NVIDIA Scale-Up ecosystem, with AMD MI400, Amazon Trainium 3, and Microsoft Maia starting mass production; Astera Labs and Broadcom become the initial major beneficiaries. Morgan Stanley maintains overweight ratings on NVIDIA, Broadcom, Astera Labs, and Keysight.
Cryptocurrency custody firm Copper is seeking to sell the company at a valuation of approximately $500 million.
According to CoinDesk, cryptocurrency custody firm Copper is seeking to sell the company at a valuation of approximately $500 million and has engaged Wall Street investment bank Cantor Fitzgerald to assist with the transaction. Copper’s core asset is its ClearLoop custody-based settlement system, which enables institutional clients to execute delivery versus payment (DvP) transactions without moving assets on-chain, effectively eliminating settlement risk. The company currently boasts over 1,000 active counterparties and processes over $50 billion in notional trading volume monthly. Copper had previously considered an IPO, but the broader crypto IPO market has entered a wait-and-see phase amid sluggish Bitcoin prices and the capital-attracting effect of the AI sector.
Crypto Hedge Funds Shift to Traditional Assets; Crude Oil, Copper, and Nasdaq-100 Appear on All-Weather Trading Platforms
According to Bloomberg, cryptocurrency hedge funds are extending their trading activities into traditional commodities and stock indices. Previously, these funds operated in the cryptocurrency markets—long overlooked by Wall Street—trading tokens on 24/7, clearinghouse-free, and unregulated platforms. Now, traditional assets such as crude oil, copper, and the Nasdaq-100 Index are increasingly appearing on these platforms, signaling that cryptocurrency trading infrastructure is penetrating mainstream financial assets.