perfORM Due Diligence Services Limited (“perfORM”), a leading operational due diligence (“ODD”) provider, has partnered with Copper in Switzerland, making us the first digital asset custodian to receive an ODD Report.  

Upon completion of a full ODD review, perfORM has issued an in-depth ODD Report that is accessible, upon request, by investment managers and partners. The ODD Report considers operational pillars such as asset safety, infrastructure, cyber security, regulation and compliance, financial crime prevention, and audits.  

The ODD Report hones in on Copper’s product suite, including off-exchange settlement through the ClearLoop solution and its innovative trust documentation governed under English law. The settlement network is designed to allow exchange trading whilst keeping digital assets within Copper’s custody. This requires significant legal negotiation with, and due diligence of, the exchanges either integrated or onboarding to ClearLoop including: Bit.com, Bitfinex, Bitget, Bybit, Deribit, Gate.io, Kraken MTF, OKX and Powertrade. PerfORM has helped streamline an extremely complex process as the network of exchanges under Clearloop continues to expand at rapid pace and demand. 

At Copper we build the products and services that allow institutional investors secure and efficient ways to interact with digital assets. Completing the perfORM ODD Report offers yet another level of security and transparency for our institutional clients. 

Quentin Thom, Co-Founder and Co-Head of perfORM stated, “we are delighted to be working with Copper as an ODD Report Solution client. This is an important moment for the virtual asset service provider ecosystem - as well as demonstrating a commendable desire to be transparent and to reach and maintain operational best practices and standards on Copper's part, our ODD Report Solution aims to help meet the demands of all service provider’s clients and prospects in a proactive, efficient and impactful way, significantly reducing the amount of time spent managing inbound due diligence requests.” 

“We are pleased to provide our clients and partners with continued transparency of Copper’s key operational pillars via a perfORM ODD Report. perfORM shares our goal of building a more secure and transparent financial industry - offering products and services that allow it to grow, develop, and thrive,” states Dmitry Tokarev, CEO and founder of Copper.co. 

Updated as of July 8th, 2024

About Copper.co 

Since being founded in 2018, Copper, a SOC2 Type 2 certified company with a registration in Switzerland, has been setting the standard for institutional digital asset by offering custody and collateral management of digital assets. Underpinned by multi-award-winning technology, Copper has built the comprehensive and secure products and services required to safely custody and trade cryptocurrencies and other digital assets such as tokens and stablecoins. At the core of Copper’s infrastructure is ClearLoop, which enables clients to trade and settle in near real time across multiple exchanges, while mitigating counterparty risk and increasing capital efficiency.

About perfORM 

perfORM, a JTC Group company, is an award-winning, multi-jurisdictional ODD solutions provider with 100+ years of collective ODD experience. perfORM’s clients are global and diverse, including Investment Managers, Allocators, Service Providers / Digital Asset Service Providers, and Sports Teams. Launched in 2019, as one of the few dedicated ODD businesses headquartered in London, UK, perfORM has rapidly grown its client base, underpinned by its credibility, flexibility and use of technology.

For more information, please visit: performdd.com