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“Recent security and regulatory challenges affecting the digital assets sector have only served to highlight the need for a secure and well-regulated trading infrastructure. As Chairman of Copper, we firmly believe that distributed ledger technology must be adopted as a key part of our strategy to remain a leading global financial center. I look forward to continuing.”
Copper.co has appointed Philip Hammond as Chairman of the Board of the UK-based institutional digital asset custody and trading solutions provider.
Former Member of the House of Lords, Lord Hammond of Runnymede was Treasurer from 2016 to 2019, Secretary of Foreign Affairs from 2014 to 2016, Secretary of Defense from 2011 to 2014 and Secretary of Transport (2010). through 2011). ).
After an illustrious career in British politics as a Member of Parliament since 1997, he resigned as MP for Runnymede and Weybridge in November 2019 to resume his business career.
Philip Hammond at the forefront of promoting the digital asset space in the UK
UK politicians promote the UK as a global leader in digital asset technology, publicly advocate the need to combine traditional finance with distributed ledger technology, and reform the UK regulatory framework governing digital assets Standing at the forefront.
He first joined Copper in October 2021 as a Senior Advisor and has helped the team grow significantly, expanding operations and services globally, growing the team from 50 to over 300 people, and doubling revenue. provided strategic advice to
The company became an infrastructure partner for State Street Digital, joined major hedge funds, and partnered with multiple participants in the DeFi ecosystem.
Copper’s network of exchanges, ClearLoop, enables institutional investors to trade on multiple digital asset exchanges while keeping their funds safe on Copper, thereby reducing counterparty risk. Opening the door to new business and accelerating the pace of more clients and exchanges joining ClearLoop.
“A special privilege to benefit from Sir Hammond’s strategic expertise”
Copper CEO Dmitry Tokarev said: He is thrilled that he has agreed to become Copper’s chairman. In addition to his guidance and experience in benefiting and strengthening Copper, his public advocacy of the importance of combining traditional finance and distributed ledger technology is at a time when it is needed more than ever. Come. ”
Copper Chairman Sir Hammond said: .
“Recent security and regulatory challenges affecting the digital assets sector have only served to highlight the need for a secure and well-regulated trading infrastructure. As Chairman of Copper, we firmly believe that distributed ledger technology must be adopted as a key part of our strategy to remain a leading global financial center. I look forward to continuing.”
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