{"id":44185,"date":"2021-06-11T15:10:48","date_gmt":"2021-06-11T12:10:48","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44185"},"modified":"2025-08-31T15:48:23","modified_gmt":"2025-08-31T12:48:23","slug":"billionaire-alan-howard-invests-25-million-in-copper-the-london-custodian","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/billionaire-alan-howard-invests-25-million-in-copper-the-london-custodian\/","title":{"rendered":"Billionaire Alan Howard Invests $25 Million in Copper, the London Custodian"},"content":{"rendered":"<p>Co-founder of the Brevan Howard Asset Management hedge fund, Alan Howard, invested $25 million in the London-based custody service Copper.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Hot on the heels of our Series B $50m raise, Alan Howard of Brevan Howard has invested $25m in Copper. <\/p>\n<p>This additional funding signals the growing interest and endorsement from the traditional finance sector in cryptoassets. <\/p>\n<p>Full details: <a href=\\\"https:\/\/t.co\/HCdp0uJ1wm\\\">https:\/\/t.co\/HCdp0uJ1wm<\/a> <a href=\\\"https:\/\/t.co\/JzY4zyU17d\\\">pic.twitter.com\/JzY4zyU17d<\/a><\/p>\n<p>\u2014 Copper (@CopperHQ) <a href=\\\"https:\/\/twitter.com\/CopperHQ\/status\/1403276922541461508?ref_src=twsrc%5Etfw\\\">June 11, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\\n\\n\\n\\n<\/p>\n<p>Funding marked the continuation of Copper&#8217;s Series B round, during which <a href=\"https:\/\/u1f987.com\/en\/news\/london-based-copper-raises-50m-in-series-b-funding\">Copper raised $50 million<\/a>.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\\&#8221;I am pleased to support Copper. Their innovative technology, particularly in the security and speed of processing cryptocurrency transactions, is what the traditional sector needs to offer crypto products to clients,\\&#8221; said Howard on his investment.<\/p>\n<\/blockquote>\n<p>\\n\\n\\n\\n<\/p>\n<p>According to a press release, the fresh funding signals growing interest in digital assets from traditional market participants. The funds will be used to develop new products and for global expansion.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>According to the company&#8217;s chief executive, Dmitry Tokarev, major entrants to the cryptocurrency market still face &#8216;significant barriers,&#8217; particularly in terms of transaction speeds and the security of trading.\u00a0<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Alan Howard also holds a stake in the venture firm Elwood Asset Management, with which Copper has formed a strategic partnership.\u00a0<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Elwood Asset Management specializes in cryptography and blockchain. According to its CEO James Stickland, the collaboration will help both sides push products aimed at institutional investors.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>In March 2021, Howard <a href=\"https:\/\/u1f987.com\/en\/news\/billionaire-alan-howard-backs-custodian-komainu-in-25-million-series-a-round\">supported the custody service Komainu<\/a> in a $25 million funding round.<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>As reported in May by Bloomberg, Brevan Howard Asset Management planned to invest up to 1.5% of its assets under management in digital assets.\u00a0<\/p>\n<p>\\n\\n\\n\\n<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">VK<\/a>!<\/p>\n<p>\\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Co-founder of the Brevan Howard Asset Management hedge fund, Alan Howard, invested $25 million in the London-based custody service Copper.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1156,1133],"class_list":["post-44185","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-institutional-investors-and-whales","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=44185"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44185\/revisions"}],"predecessor-version":[{"id":44186,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44185\/revisions\/44186"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=44185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=44185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=44185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}