Barclays relies on Crypto Firm Copper in the last round of financing

Barclays relies on Crypto Firm Copper in the last round of financing

The multinational bankruptcy barclays based in Great Britain has reported to the recent increase in the Crypto custody company Copper and thus completed long-term discussions in the round that had been delayed since November.

As part of the round, Barclays invested a non -mentioned sum somewhere in “millions of dollars”.

It concludes a more than nine-month delay in its $ 500 million finance round of Series C, in which Copper had applied for 3 billion dollars evaluation . A declining cryptoma market and declining investor interest have reduced this number to $ 2 billion.

Barclays was the first bank in Great Britain, the crypto, namely Bitcoin, supported in 2015 by persuading charity organizations to accept the aspiring asset class as a donation form. The bank often had an eventful past with the industry, including the refusal of its services to the powerful stock market providers Binance and Coinbase.

delays due to the fight by Copper with the British Financial Conduct Authority about that of the state Temporary registration regulation had confused investor procedures, also with the recurring investor Tiger Global.

frustrations About the rule of the British financial supervisory authority, according to which service provider for digital Wealth values had to apply for temporary registration to continue trading in March a climax when Copper set up a hub in Zug, Switzerland according to a partnership with the global traditional custodian state Street.

Copper was founded in 2018 by DMITRY TOKAREV and offers institutional investors custody, prime broking and processing services. The company previously collected $ 50 million via A Finance in June last year with an unpublished assessment.