Crypto custody firm Copper unveiled its new digital assets brokerage platform, Copper Securities, on Wednesday in the United Arab Emirates. This platform is designed to provide institutional investors with access to tokenized securities, leveraging blockchain technology and smart contracts.
By integrating these advanced technologies, Copper Securities aims to revolutionize the management of traditional financial instruments like equities.
The platform is part of Copper’s broader suite of blockchain-based financial and custodial services. Over the next 12 months, Copper plans to expand the platform’s capabilities by adding securities financing and payment applications.
This launch marks a significant step in Copper’s strategy to address the inefficiencies and high operating costs in traditional market infrastructure.
The introduction of Copper Securities is set to impact the global financial market substantially. Integrated with Copper’s custodial partners, the platform will provide access to financial instruments in over 90 markets worldwide.
The firm emphasizes the benefits clients will gain from this ecosystem, including automated processing of corporate actions, settlements, top-ups, and rebalances, thereby streamlining operational procedures.
Earlier this month, Copper expanded its reach by acquiring a UAE-based blockchain brokerage firm, Securrency Capital. This acquisition plays a pivotal role in Copper’s entry into the Abu Dhabi Global Market (ADGM) through its Copper Securities platform.
Dmitry Tokarev, CEO of Copper. co-expressed his enthusiasm for the firm’s expansion into the UAE. He highlighted the move as a testament to Copper’s commitment to transforming capital market infrastructure by harnessing the potential of blockchain technology and tokenization. Tokarev believes that this strategic expansion will pave the way for a more transparent, efficient, and accessible financial system for institutional investors.