Copper, the leading London-based provider of digital asset custody and trading technology, today announces that Alan Howard, co-founder of asset manager Brevan Howard, has led a $25m extension to Copper’s recent $50m Series B funding round announced earlier in May that was led by Dawn Capital and Target Global.

The additional funding will be channelled towards Copper’s role enabling traditional financial services firms to benefit from Distributed Ledger Technology (DLT) and cryptoassets, particularly as the sophisticated requirements of multinational banks and traditional custodians add additional dimensions to the mass adoption of cryptoassets.

This additional funding signals the growing interest and endorsement from the traditional finance sector in cryptoassets. Alan Howard is an investor in companies such as Coinshares, and Elwood, an institutional crypto market access and trading tech platform enabling FinTechs, Asset Managers and Financial Institutions with the broadest range of crypto assets.

Copper has also entered into a strategic partnership with Elwood. James Stickland, CEO of Elwood, said; “The combined expertise of Elwood and Copper in digital assets will help both companies to progress their developments in crypto trading technology and prime services serving institutional investors."

Alan Howard commented; “I am delighted to have the opportunity to support Copper. Their pioneering technology, particularly in the security and speed of cryptocurrency transactions, is essential for the traditional world to offer crypto products to their clients. This, coupled with their relentless focus on servicing clients with industry-leading customer support, is taking the best from both worlds and positioning the firm as the dominant player in the digital asset infrastructure space.”

Dmitry Tokarev, CEO of Copper, added; “We’re very grateful for Alan’s backing. His early commitment to the space sets him out from other traditional players and we value the experience and expertise he brings not just to Copper, but to the whole digital asset ecosystem. As the sector grows so too does the interest from traditional institutions, but there are still barriers to entry for these firms, particularly around the speed and security of trading. Copper is solving these issues with revolutionary products like ClearLoop, and with Alan’s endorsement we see the industry on the precipice of enormous growth.”


Notes for Editors

For more information, please contact Tom Teodorczuk | | +44 (0) 7762716694


About Copper 

Founded in 2018 by Dmitry Tokarev, Copper provides a gateway into the cryptoasset space for institutional investors by offering custody, prime services, and settlements across 150 digital assets and more than 25 exchanges. It is committed to providing flexible solutions for institutional investors that can adapt to the changing cryptoasset space, while enabling far greater transparency and control for asset managers.

Copper’s fully integrated products are unique in the cryptoasset space. Underpinned by multi-award-winning custody, Copper has built the comprehensive and secure suite of tools and services required to safely acquire, trade, and store cryptocurrencies, including access to margin lending trading facilities and the DeFi space.

At the core of Copper’s infrastructure is ClearLoop, a framework that connects the universe of exchanges in one secure trading loop — with real-time settlement across the Networks.  Integrated with market leading spot and derivative crypto exchanges, ClearLoop has already transformed the way in which institutional investors can engage in the cryptoasset space since launching in May 2020.

Copper is backed by leading institutional VCs including Dawn Capital, Target Global, Localglobe, MMC and Illuminate Financial.

For more information, please visit:

About Elwood

Elwood - Institutional Market Access & Trading Platform for Crypto Assets enabling FinTechs, Asset Managers and Financial Institutions with the broadest range of crypto assets.

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Independent custody

connected to multiple exchanges

Our settlements and clearing service is backed by our award winning custody technology


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