CB Insights today named Copper.co to its second annual Blockchain 50, which showcases the 50 most promising blockchain and crypto companies in the world.
The 2022 Blockchain 50 cohort has raised $17.1B in aggregate funding across over 200 deals since 2016 and includes startups at different investment stages of development, from early-stage companies to well-funded unicorns.
"2021 was the year blockchain entered our mainstream vocabulary,” said Brian Lee, SVP of CB Insights’ Intelligence Unit. "It powers some of our most innovative and cutting-edge technologies. Last year, we saw incredible success from the Blockchain 50 winners. This year, included among the winners we have 31 unicorns, 41 mega-rounds, and representation from 15 countries. We're excited to follow their journeys and see their success in 2022."
Dmitry Tokarev, CEO Copper.co commented. “We’re delighted to have received this recognition from CB Insights. The accelerated increase in engagement in this nascent asset class over the past 18 months, has led institutions to search for solutions to the most common obstacles to trading crypto – security and speed. The goal of our technology is to ensure that digital assets can be traded as effectively and securely as other asset classes. Our ClearLoop product instantly settles trades and without having to pre-fund exchanges, a game changer for investors. We will continue to build out our product offering to keep pace with industry developments and maintain Copper’s status as a best-in-class solution for institutional crypto investment.”
Through an evidence-based approach, the CB Insights research team selected the Blockchain 50 from a pool of over 3,000 companies, including applicants and nominees. They were chosen based on several factors, including data submitted by the companies, company business models and momentum in the market, and Mosaic scores, CB Insights’ proprietary algorithm that measures the overall health and growth potential of private companies.
Copper, which was founded in 2018 and is headquartered in London, has raised $84.3m of funding to date, most recently via a $75m Series B, which included a $25m extension led by Alan Howard. In October 2021, the former UK Chancellor of the Exchequer, Lord Hammond of Runnymede, joined the team as a Senior Adviser. Copper was also recently named top five in Sifted’s annual analysis of the fastest growing fintechs in Europe, owing to an explosive 350% increase in team growth over the course of 2021. Copper’s client base now stands at over 400 institutions worldwide.
2022 Blockchain 50 Investment Highlights:
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Founded in 2018 by Dmitry Tokarev, Copper provides a gateway into the crypto asset space for institutional investors by offering custody, trading, and settlement solutions across 450 crypto- assets and more than 40 exchanges. It is committed to providing flexible solutions for institutional investors that can adapt to the changing crypto asset space, while enabling far greater transparency and control for asset managers.
Copper’s fully integrated products are unique in the crypto-asset 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.
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 multiple networks. Integrated with market leading spot and derivative crypto exchanges, ClearLoop has already transformed the way in which institutional investors can engage in the crypto asset space since it was launched in May 2020.
For more information, please visit: www.copper.co
Copper press contact: Chanice Smith | firstname.lastname@example.org | +44 (0) 7850 229 457