Copper.co, a London-based provider of institutional digital asset custody and trading infrastructure, will launch a suite of blockchain-based financial services in the United Arab Emirates.
The company aims to launch its brokerage service at the start of 2024, upon securing approvals from the Abu Dhabi Global Market (ADGM) and Financial Services Regulatory Authority (FSRA).
This addresses several requirements for building an efficient capital markets structure, as outlined in Abu Dhabi’s economic vision plan for 2030.
Using blockchain-based market infrastructure, smart contracts and the tokenisation of financial assets, Copper will enable institutional investors to trade and manage liquid traditional instruments.
The platform will be fully API enabled, offering a unified view of client holdings across multiple asset classes as well as access to transaction records and client activity.
The company intends to address inefficiencies in traditional market infrastructure through the automated processing of corporate actions, settlements, top-ups and rebalances that its platform provides.
This announcement follows the company’s recent acquisition of Securrency Capital Ltd.
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