Former British Chancellor's crypto firm Copper launches tokenized securities platform
Copper plans to use its arm in the United Arab Emirates, Copper Securities, to capitalize on the demand of institutional investors. London-based crypto trading firm Copper plans to start offering tokenized securities early next year, according to reports on Nov. 29. Under the leadership of former British Chancellor Phillip Hammond, the company expects to capitalize on institutional investors' demand. The service is expected to be first rolled out in Abu Dhabi, United Arab Emirates, by its new arm in the country, Copper Securities. The company is reportedly in the process of securing regulatory approval from local authorities. Copper plans to use blockchain technology to provide securities financing and other payment solutions to institutional clients over the coming months. More than 90 markets around the world will be accessible through the new platform, said the company. Copper acquired its securities arm earlier this year with the goal of offering tokenized securities wi...