State Street will continue to work on “a multi-faceted solution for both tokenized securities as well as native tokens,” the bank said, adding that the “regulatory environment for digital assets has continued to evolve, as has the requirements for servicing this asset class.”
Original Source BankingCopperCryptoCustodyCutsFirmGiantStateStreetTies Read More
Copper's enterprise division was focused on securing digital asset custody and infrastructure solutions for banks and funds. There will be some job losses on Copper's enterprise business, but it's too early to say how many people will be affected, according to the source.
Source BusinessCopperCryptoCustodyEnterpriseFirmShelvesSource Read More
“The subsequent investigation determined that Copper hadn’t suffered any breach or business interruption and that no client information had been compromised,” Copper said in a statement. “The incident was not of a nature that required disclosure with applicable law or regulations, operations continued to run smoothly and caused no further alertedChristmasCopperCryptoCustodyFirmincidentSecurity Read More
The growth in the value of digital assets in recent years has led to increased demand for cold storage, and generated the means to protect crypto assets offline, particularly as institutional adoption of the new asset class has expanded, Copper said. The insurance will provide cover against employee collusion, third-party 500MAonCopperCryptoCustodyDealFirmGiantInksInsurance Read More
The U.K.-based company also reported a loss of $16 million last year, up from $4.1 million in 2020.
Original Source CopperCryptoCustodianfundingRaisesseries Read More
Neill joins from Mastercard, where he was chief risk officer for the company's new payments platforms division, and head of risk for product and engineering, responsible for covering new payments platforms, digital banking and central bank digital currencies (CBDCs).
Source AppointsChiefCopperCryptoCustodyFirmNeillOfficerRiskTim Read More
The link will create new ways for the company's institutional investors to access decentralized finance and digital assets.
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U.K. bank Barclays is among the investors in cryptocurrency custody firm Copper's $2 billion funding round, according to a report by Sky News.
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Copper’s Series C round will value the company around $2 billion, according to two sources.
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The association, known by its German initials VQF, gives a stamp of approval to the London-based company's compliance with Switzerland's anti-money laundering laws, it said by email on Monday. Membership of VQF gives Copper the necessary approvals to operate the unit, a spokesperson for the company said.
Original Source ApprovalCopperReceivesRegulatorsRegulatorySwitzerland Read More