Copper, an institutional digital asset infrastructure provider, has acquired Securrency Capital Limited, a full-service, regulated blockchain-enabled brokerage firm offering digital securities trading based in the Abu Dhabi Global Market (ADGM).
Securrency Capital’s platform, “powered by Securrency’s digital asset infrastructure and compliance aware solutions, provides investors with access to global securities, delivering 24/7 trading with near-real time settlement.”
In addition, the tokenization of traditional securities “enables increased investor access and simpler, more efficient value chain management through automation.”
Operating out of ADGM and “supervised by the Financial Services Regulatory Authority (FSRA), Securrency Capital Limited will be renamed Copper Securities Limited and will remain headquartered in the ADGM.”
Dmitry Tokarev, CEO and Founder of Copper, said:
“Through this acquisition, Copper is able to grow its role as a global digital asset infrastructure provider and establish a stronger footprint in the United Arab Emirates. This is just the beginning of our expansion into the Middle East.”
John Hensel, Co-founder & COO of Securrency, Inc, said:
“I am thrilled to announce Securrency Capital’s acquisition by Copper. We look forward to working with Dmitry and team as they serve the rapidly growing Abu Dhabi Global Market.”
Broadhaven Capital Partners acted as “an adviser to Copper on the deal.”
Since being founded in 2018, Copper has been “building the standard for institutional digital asset infrastructure with a focus on custody and collateral management. Underpinned by multi-award-winning technology, Copper has built a comprehensive and secure suite of products and services required to safely custody and trade digital assets. At the core of Copper’s infrastructure is ClearLoop, which enables clients to manage collateral and settle trades in near real time across multiple exchanges, while mitigating counterparty risk and increasing capital efficiency.”
Securrency Capital Limited is “a full-service regulated institutional brokerage firm that offers both traditional and digital financial services. Its mission is to deliver asset tokenisation benefits to retail and institutional clients by providing access to multiple digital products and asset classes through a single, easily accessible marketplace. Securrency Capital Limited provides a comprehensive digital lifecycle experience for its clients, including asset issuance, share registry maintenance, and corporate actions on the chain, as well as facilitating the purchase and sale of digital and traditional assets and securities.”