Copper seeks to sell core assets to ClearLoop at a valuation of $500 million

Cryptocurrency custody company Copper is seeking a sale at a valuation of approximately $500 million, with Cantor Fitzgerald assisting with the sale process. The ClearLoop settlement system for core assets supports delivery and payment within the custody environment, reducing settlement risks. Copper has closed its enterprise custody business and focused on ClearLoop services, with a monthly nominal trading volume exceeding $50 billion and serving over 1000 active counterparties.