Everyone is talking about San Francisco as the epicentre of everything in crypto. Well, I wanted to shed lights on Europe and how exciting the ecosystem is. This section aims to give the opportunity to present some of the best 🇪🇺 founders. Most people love their products but don’t know who are behind them.
Background: I have met Dmitry, almost a year ago. He is one of the most impressive founder I have met building a prime brokerage solution in London. The attention to details and strong UI / UX make Copper an outlier in a world of clunky dashboard.
Hi Dmitry, you recently won the best digital asset custody award at Hedge Fund Services Awards but is who is behind Copper, Can you share a bit about your background?
I studied software engineering at university, followed by degrees in financial engineering and business. I then spent time as quant at a hedge fund designing algos, before going on to be CTO and partner at a London-based asset manager.
How did you get into the bitcoin and blockchain industry?
I’d dabbled in crypto for years, but it wasn’t until we were looking for a digital asset custodian to service a fund we set up that it became apparent there was such an enormous gap in the market. And not just on the product side; there was a complete lack of information for institutional investors about how to store digital assets, and why their storage requirements were fundamentally different from, say, gold. Likewise, there was a lack of information in the crypto community about how to communicate the opportunities to traditional finance people. They fundamentally didn’t understand the infrastructure institutional investors need. Once we built the technology the next difficult task was finding the common language to bridge this divide between legacy finance and fin-tech.
What is the vision of Copper? What makes it special?
Copper is building the infrastructure that will underpin a radical shift in financial services. We facilitate investing in a faster, safer, and more transparent way. What makes us different? Instead of talking about how we’re going to do it in some generic white paper, we’re actually doing it. We built our product, we listen to client feedback, and we continue to evolve our offering as quickly as the market demands it. This is how we are able to take a stand-alone custody application and enable T-0 settlement for OTC customers. It’s all possible, and it’s all happening right now.
Who is your target audience?
Institutional investors ranging from funds, family offices, private banks, and HNWIs.
What are your thoughts on the crypto European ecosystem?
It’s probably the most advanced at the moment, in terms of stability and how permissive the regulatory environment is. But like anything in crypto, that could change at a moment’s notice.
Anything to add?
We’re always interested in talking to like-minded individuals; especially investment managers who would like to use products designed for their needs, rather than ones cobbled together from retail offerings.