Philip Hammond, the former UK chancellor, has joined Copper, the London-based cryptocurrency custodian, as a senior adviser, the company said in an announcement. Hammond will advice the Copper team on its way to global expansion. He will also focus on promoting the UK as a global leader on the cryptocurrency market on this role, the firm added.
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"Over the last 18 months, Copper has grown exponentially, now serving over 400 institutional clients. We would like to drive growth in our client base within a regulatory framework which will allow us to thrive globally from our London headquarters," said Dmitry Tokarev, Copper CEO.
Hammond's appointment comes after Copper announced the launch of its US East Coast office in August 2021. The company also said it would set its presence in Asia. In May this year, Copper closed a $50 million Series B funding round co-led by Dawn Capital and Target Global. The custodian also raised funds from VC firm Illuminate Financial Management, previous investors LocalGlobe and MMC Ventures, and a number of fintech executives and entrepreneurs.
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