Lord Hammond will work with the guard as counsel.
Custodianship of cryptocurrencies and start trading, copper, announce That the former Chancellor of the Exchequer, Lord Philip Hammond, joined the firm as Senior Counsel.
Copper, a UK-based company founded in 2018 focused on institutional investors, said in a statement that Lord Hammond would take over immediately.
Hammond is one of the most important political figures in the UK to join a cryptocurrency firm as a consultant. The former parliamentarian worked between 2010 and 2019, with another prominent role being the Minister of Foreign Affairs.
Hammond is expected to provide strategic advice to employees of the cryptocurrency company as they look to expand their services around the world upon entering the United States. In addition, the former advisor will defend the UK as a leader in the emerging field of blockchain and cryptocurrency.
Copper has seen significant growth over the past year, with the company’s CEO, Dmitry Tokarev, noting that the cryptocurrency firm now serves more than 400 institutional clients.
Tokarev also notes Cooper’s focus on expanding into the regulatory compliance environment, with Lord Hammond providing critical expertise and experience in this area.
Commenting on his new role at Copper, Hammond noted that this is an opportunity to apply Copper’s digital assets and trading technology in a way that will revolutionize the delivery of financial services.
According to him, the key is to work with everyone, be it the commercial, government or regulatory sector, with the outcome that should ensure the UK’s position in this sector for decades.
Cooper raised $25 million in June in a Series C funding round led by British billionaire Alan Howard from the hedge fund. This cash injection added to the $50 million raised in the Round B funding that completed in May.
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