Banking Behemoth Barclays Buys a Stake in Crypto Firm Copper
- Barclays is expected to invest millions of dollars in the London-based cryptocurrency firm.
- The fundraising round is set to be finalised within days.
- The round had previously been delayed due to temporary registration issues with the UK’s financial regulator.
Barclays, one of the largest banks in the United Kingdom, has joined a funding round for Copper and is expected to invest millions of dollars in the cryptocurrency firm that counts former Chancellor of the Exchequer Lord Philip Hammond among its advisers.
Copper, which provides custody, prime broking and settlement services to institutional investors deploying money into crypto-assets, is aiming to finalise its funding round within days.