Copper Crypto Custody Firm Scores Hong Kong License, Expanding in Asia-Pacific

IconCryptoNewsTerminal Staff17 Jul, 2024

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Copper Crypto Custody Firm Scores Hong Kong License, Expanding in Asia-Pacific

Copper, a leading cryptocurrency custody provider, has reportedly obtained a Trust or Company Service Provider (TCSP) license in Hong Kong. This strategic move enables Copper to expand its footprint in the rapidly growing Asia-Pacific region. With a strong global presence, Copper's Hong Kong license further solidifies its commitment to providing secure and regulated custody solutions for institutional clients. The company's expertise in digital asset custody and settlement ensures the safekeeping and efficient handling of clients' cryptocurrency assets. In June alone, Copper processed a remarkable $109.9 billion in over-the-counter settlements, showcasing the growing demand for its services in the cryptocurrency market. The TCSP license adds to Copper's existing regulatory approvals in the United Kingdom, Switzerland, and the Cayman Islands, further demonstrating its commitment to compliance and regulatory adherence.

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