Crypto custody firm Copper is looking to sale the company for $500 million

Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Crypto custody firm Copper is looking to sale the company for $500 million Cantor Fitzgerald has been appointed to help with the sale, according to sources. By Ian Allison | Edited by Aoyon Ashraf May 20, 2026, 5:08 p.m. 2 min read Make preferred on Amar Kuchinad, Copper's global CEO (Copper) What to know : The crypto custody firm is weighing a $500 million sale, according to sources. The jewel in Copper’s crown is the ClearLoop in-custody settlement system, which caters to dozens of institutional firms. Copper closed its enterprise custody business in 2023 to focus on ClearLoop Cryptocurrency custody firm Copper has been out shopping itself, seeking a buyer willing to pay about $500 million for the platform, according to two people familiar with the matter. Wall Street investment bank Cantor Fitzgerald has been appointed to help sell Copper, the people said. Copper and Cantor didn't respond to requests for comment. The jewel in Copper’s crown is the ClearLoop settlement system, which enables network participants to do delivery versus payment (DvP) from within custody without bringing assets onchain, thereby eliminating settlement risk . Copper closed its enterprise custody business in 2023 to focus on ClearLoop, launched in 2020 and caters to dozens of institutional firms. The firm boasts more than 1,000 active counterparties and over $50 billion in monthly notional trading volume, according to its website. Copper was said to be weighing an IPO earlier this year, potentially following in the footsteps of crypto custodian Bitgo , with whom Copper forged a partnership on the ClearLoop application. However, with bitcoin trading below $80,000, and artificial intelligence soaking up most of the capital, the crypto IPO market has been on a holding pattern this year. Meanwhile, the deal-making in the crypto market has been active this year, as crypto-native, traditional and fintech firms are looking to expand their digital asset capabilities through acquisitions. Earlier this year, Mastercard agreed to buy U.K.-based stablecoin infrastructure firm BVNK for as much as $1.8 billion. Kraken’s parent company, Payward, agreed to acquire the derivatives platform Bitnomial , while Bullish, owner of CoinDesk, announced a $4.2 billion deal to buy Equiniti , aimed at combining transfer agency services with tokenization infrastructure. And just this week, London-based bank Standard Chartered said it will buy the remaining shares of Zodia Custody , its cryptocurrency custodian subsidiary, that it doesn't already own. The deal came just weeks after the bank's venture capital division reportedly took a stake in crypto trading firm GSR at a valuation of more than $1 billion. Exclusive Custody mergers and acquisitions Breaking News More For You Despite Trump’s pledge, a CBDC is being explored behind closed doors, says former CTFC chair By Olivier Acuna | Edited by Oliver Knight 7 hours ago Publicly, the U.S. has fiercely opposed a Central Bank Digital Currency, but former CFTC Chairman Timothy Massad said it is inevitable and there will be one sooner or later. What to know : Timothy Massad, a former CFTC chairman, said a U.S. central bank digital currency or government-backed stablecoin is ultimately inevitable despite President Donald Trump’s strong public opposition. Massad said U.S. officials are quietly exploring CBDC-style infrastructure, including through participation in the Bank for International Settlements’ Project Agora, even as Washington maintains... Read full story Latest Crypto News The Protocol: Ethereum Foundation's high-profile departures spark fresh debate 31 minutes ago Why Trump's bitcoin ETF plans likely collapsed before getting off the ground 34 minutes ago Crypto Long & Short: Bitcoin-backed loans belong in the cost-of-capital conversation 38 minutes ago EU opens MiCA consultation to review if crypto framework is still fit for purpose 1 hour ago Crypto campaign cash from Fairshake flooded Southern primaries, picked winners 2 hours ago South Korean funeral company reveals $33 million loss on leveraged ether ETF bet 2 hours ago Top Stories Live markets: Crypto prices buoyed by Trump's 'final stages' remark 2 hours ago Telegram group at center of Jane Street insider-trading allegations in Terra collapse 5 hours ago These bitcoin metrics suggest February’s $60,000 selloff may have marked the bottom 5 hours ago Vitalik Buterin outlines Ethereum's privacy measures. Here is what it means for the network and ETH 3 hours ago Bitfinex traders double down on bitcoin during five-day slide as longs hit 2.5-year high 7 hours ago Bitcoin, ether, XRP rebound as Senate curbs Trump's Iran war powers 10 hours ago