As you will have seen, today, various members of the media community published an article about an event that Copper sponsored at the Mandrake Hotel last week.
Clearly, the story is embarrassing and taken in the context presented, is not in line with our values as a company. We have always held ourselves to high ethical standards and look to champion the benefits of tokenisation and digital assets.
The context of the event is important. As part of our sponsorship of the Digital Assets Summit 2024, we jointly hosted this afterparty at the Mandrake Hotel with a partner in the digital asset space. The event was organised by a third-party event planner and incorporated a number of performance artists. This included a magician, mentalist, palm reader and another performance that featured both a male and female artist, each lying on a table in swimming costumes. The Mandrake Hotel was chosen as it is an art-themed establishment, owned by famous art collector Rami Fatouk, with a long history of presenting such events. The event was open to all delegates as part of the conference with the intention of creating an artistic expression that was fitting for the location.
Notwithstanding the above, we recognise that certain aspects of the event have caused offence and do not reflect Copper's corporate values. We will be conducting an internal review of the existing process for approving events and sponsorship arrangements and the value of such events to the company going forward.
The senior leadership team at Copper is reaching out proactively to key clients, partners, investors and regulators. We did not get this right and we regret any distraction that this may have caused to our wider mission of supplying world-class digital asset custody and prime services to institutional investors.
Insights
Market Insights
23.01.2024
Coppercasts
19.10.2023
Company News
24.04.2024