Copper Launches Digital Assets Brokerage Platform in the UAE
Copper has introduced a new digital assets brokerage platform designed for institutional trading in the United Arab Emirates (UAE). Known as Copper Securities, this platform combines blockchain-based financial and custodial services, with securities financing and payments applications to be added in the next year. The integration with Copper’s custodial partners will provide access to financial instruments across more than 90 markets worldwide. Institutional investors can use this platform to access tokenized securities, leveraging blockchain technology and smart contracts for managing traditional instruments like equities. Copper Securities aims to address inefficiencies and high operating costs in traditional market infrastructure by automating processes such as corporate actions, settlements, top-ups, and rebalances.
Acquisition of UAE-based Digital Securities Firm
Copper recently acquired Copper Securities, a blockchain brokerage firm based in the UAE. This acquisition enables Copper to offer digital securities trading in the Abu Dhabi Global Market (ADGM) through its newly launched Copper Securities platform. Dmitry Tokarev, CEO of Copper.co, stated that this strategic move aligns with their vision of transforming capital markets infrastructure using blockchain technology and tokenization. The goal is to create a more transparent, efficient, and accessible financial system for institutional investors.
Hot Take: Copper Expands Its Footprint in the UAE
Copper’s launch of its digital assets brokerage platform in the UAE marks an expansion of its services into a new market. By combining blockchain-based financial and custodial services with tokenized securities trading, Copper aims to offer institutional investors a more streamlined and efficient way to manage traditional instruments like equities. With the integration of automated processing for various financial operations, such as corporate actions and settlements, Copper Securities aims to address existing inefficiencies and reduce operating costs in the market infrastructure. This move showcases Copper’s commitment to leveraging blockchain technology for the benefit of institutional traders and creating a transparent and accessible financial system.
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