London-Based Crypto Custody Provider Weighs IPO Options
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: 1h ago- IPO Discussions: London-based crypto custody provider Copper is in early-stage discussions about a potential Initial Public Offering (IPO), reflecting a growing institutional interest in regulated crypto infrastructure over token-driven business models, indicating strong market interest in digital asset 'plumbing'.
- Market Demand Rebound: Copper's IPO considerations follow the successful public debut of rival BitGo, which raised approximately $212.8 million at $18 per share, achieving a valuation of about $2.08 billion, despite a subsequent 30% drop in share price, underscoring strong demand for compliant crypto infrastructure.
- Investment Bank Consultations: Copper has reportedly engaged in preliminary talks with major investment banks such as Goldman Sachs, Citigroup, and Deutsche Bank, with any formal IPO process contingent upon achieving specific near-term revenue milestones to meet selective investor criteria.
- Infrastructure Development: Focusing on institutional-grade infrastructure, Copper's flagship product ClearLoop significantly reduces counterparty and exchange risk, while its recent expansion into collateral management and financing services highlights its strategic importance in the evolving crypto market.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
