{"id":61247,"date":"2022-05-10T17:48:15","date_gmt":"2022-05-10T14:48:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=61247"},"modified":"2025-09-05T11:03:46","modified_gmt":"2025-09-05T08:03:46","slug":"copper-launches-institutional-nft-custody-service","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/copper-launches-institutional-nft-custody-service\/","title":{"rendered":"Copper launches institutional NFT custody service"},"content":{"rendered":"<p>London-based crypto custody service Copper has rolled out a solution for storing non-fungible tokens (NFTs), The Block reports.<\/p>\n<p>The product enables safe handling of collectible assets just like any cryptocurrency, thanks to multiparty computation technology, the startup said. At launch, the service supports ERC-721 and ERC-1155 tokens.<\/p>\n<p>Copper&#8217;s chief product officer Alex Ryvkin said the move was driven by demand from institutional clients.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;As this market has grown rapidly, we have seen an increasing number of our institutional clients diversify into NFTs as an asset class and want to store tokens in Copper&#8217;s custody,&#8221; he said.<\/p>\n<\/blockquote>\n<p>The London-based company also announced a partnership with one of the oldest banks in the United States, State Street. The institution uses Copper&#8217;s infrastructure to give clients access to digital assets through State Street Digital.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p dir=\"ltr\" lang=\"en\">We\u2019re excited to announce our collaboration with <a href=\"https:\/\/twitter.com\/StateStreet?ref_src=twsrc%5Etfw\">@StateStreet<\/a> to launch their new digital asset service.<\/p>\n<p>Full details: <a href=\"https:\/\/t.co\/iRrAERNjGq\">https:\/\/t.co\/iRrAERNjGq<\/a> <a href=\"https:\/\/t.co\/6byWYzQjNO\">pic.twitter.com\/6byWYzQjNO<\/a><\/p>\n<p>\u2014 Copper | We\u2019re hiring (@CopperHQ) <a href=\"https:\/\/twitter.com\/CopperHQ\/status\/1501568377437175810?ref_src=twsrc%5Etfw\">March 9, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In June 2021, Brevan Howard Asset Management co-founder and billionaire Alan Howard <a href=\"https:\/\/forklog.com\/en\/news\/billionaire-alan-howard-invests-25-million-in-copper-the-london-custodian\">invested in the startup $25 million<\/a>. The financing continued the Series B round, during which <a href=\"https:\/\/forklog.com\/en\/news\/london-based-copper-raises-50m-in-series-b-funding\">the custodian raised $50 million<\/a>.<\/p>\n<p>In October, reports said Copper planned to raise in the next round <a href=\"https:\/\/forklog.com\/en\/news\/media-reports-copper-plans-to-raise-500-million-at-a-2-5-billion-valuation\">$500 million at a $2.5 billion valuation<\/a>.<\/p>\n<p>Earlier that month, former UK Chancellor of the Exchequer Philip Hammond <a href=\"https:\/\/forklog.com\/en\/news\/copper-hires-former-uk-chancellor-philip-hammond-as-adviser\">joined the startup<\/a> as a senior adviser.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The London-based crypto custody service Copper has rolled out a solution for storing non-fungible tokens (NFTs), The Block reports.<\/p>\n","protected":false},"author":1,"featured_media":61248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1710,1156,1213],"class_list":["post-61247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-copper","tag-institutional-investors-and-whales","tag-nft"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61247","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=61247"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61247\/revisions"}],"predecessor-version":[{"id":61249,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/61247\/revisions\/61249"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/61248"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=61247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=61247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=61247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}