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Copper Securities receives launch approval in the ADGM

EMEA14 November 2024Copper
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Financial services provider Copper Securities (ME) Limited (Copper Securities) has received approval from the Financial Services Regulatory Authority (FSRA) to launch its regulated business in the Abu Dhabi Global Market (ADGM).

This approval enables Copper Securities to deal in investments as principal and grow its regulated offering in the UAE as a Category 3A institution.

Copper Securities is fully committed to supporting the Abu Dhabi Economic Vision 2030 and furthering the growth of the Emirate’s economic base by enhancing market efficiency, accessibility and transparency.

Copper Securities is part of the Copper group (Copper) – a leader in digital asset custody, collateral management, and prime services headquartered in London. In other international markets, Copper’s expansion efforts are focused on widening access to secure custody of digital assets. The business secured a TCSP License in July 2024 which enables the custody of virtual assets in Hong Kong.

This global expansion of Copper’s digital asset custody services points to the strength of institutional demand for solutions which mitigate exchange counterparty risk in a capital efficient manner. This has seen Copper’s ClearLoop become the largest global network for off-exchange settlement, processing 18.9 million trades with a notional value of US$121.2bn in July this year.

Dmitry Tokarev, Founder Director of Copper said,

“Trust and efficiency are central to everything we do at Copper Securities, and this is highlighted by our full alignment with the Abu Dhabi Global Market’s stringent regulatory frameworks and standards. We look forward to continuing to grow our presence in Abu Dhabi as a key component of Copper’s global expansion efforts”.

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About Copper Securities

Copper Securities’ vision is to provide a solid foundation for the expansion of local capital markets and to attract international investors to the jurisdiction.

Copper Securities is a division of Copper.co, a leader in digital asset custody, collateral management, and prime services.

Since being founded in 2018, Copper has been building the standard for institutional digital asset infrastructure with a focus on custody and collateral management. Underpinned by multi-award-winning technology, Copper has built a comprehensive and secure suite of products and services required to safely custody and trade digital assets. At the core of Copper’s infrastructure is ClearLoop, which enables clients to manage collateral and settle trades across multiple exchanges, while mitigating counterparty risk and increasing capital efficiency.

For more information, please visit: www.copper.co


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Twitter: @CopperHQ

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Copper Securities receives launch approval in the ADGM | Copper