Copper, the international provider of digital asset infrastructure, has confirmed it is expanding into Liechtenstein with the launch of its custody services there.
The strategic move comes after the crypto custodian secured a registration under the Token and TT Service Provider Act (TVTG, aka the “Blockchain Act”) from the Financial Market Authority (FMA) of Liechtenstein.
Copper leverages blockchain technology to serve institutional investors in the Liechtenstein market with its custody solution for digital assets. The firm said last week that the expansion aligns with Liechtenstein’s progressive approach to digital assets and blockchain technology, as exemplified by the implementation of the Blockchain Act in 2020.
Copper’s custody service will enable investors to securely store and manage their digital assets. High quality custody of digital assets has become increasingly important in the wake of the FTX scandal and with more regulated crypto products coming onto the market in 2024.
- 21X gets BaFin blessing to launch blockchain trading venue in 2025
- Spectral Capital and FYNTRA to offer world’s first Quantum Wallet
- Crypto exchange launches app for retail Uranium trading
Liechtenstein registration part of institutional strategy
By obtaining the TVTG registration, Copper is seeking to demonstrate its commitment to regulatory compliance and its ability to meet the stringent requirements set by the FMA. Copper said it hopes to use the registration to position itself as a trusted partner for bigger crypto investors who are seeking to engage with digital assets in a secure and regulated environment.
Amar Kuchinad, Group CEO of Copper, explained further: “This launch represents a significant step in our mission to bridge the gap between traditional finance and the digital asset ecosystem. Liechtenstein’s forward-thinking regulatory framework aligns perfectly with our vision for the future of finance.”
Copper says it will continue to work closely with the FMA and other relevant authorities in Liechtenstein to ensure ongoing compliance and to contribute to the growth of the digital asset industry in the principality.
Founded in 2018, Copper has established itself as a leader in institutional digital asset infrastructure, focusing on custody and collateral management. Its suite of products and services enables large crypto investors to safely custody and trade digital assets.
The Copper group’s flagship product, ClearLoop, allows institutional clients to manage collateral and settle trades in near real-time across multiple exchanges, mitigating counterparty risk and increasing capital efficiency.
Copper’s battle-tested infrastructure serves hundreds of institutional investors globally, safeguarding billions of dollars in digital assets. The company’s commitment to security, innovation, and regulatory compliance has made it a trusted partner for institutions entering the digital asset space.
Liechtenstein could become important European crypto hub
Liechtenstein is positioning itself as a regulated crypto hub that firms can use to access the growing digital assets market in Europe. While small, the financial centre is well-positioned to provide companies with the necessary regulatory licenses to serve European market players.
Digital asset bank Sygnum last year received regulatory approval for its local subsidiary to operate in Liechtenstein. The bank opened in Liechtenstein because it wanted to deliver services in the European Union, leveraging the core of the Markets in Crypto-Assets Regulation (MiCA) which was coming into force at the end of the year.
Sygnum started as a Swiss regulated bank in 2019 and quickly expanded to Singapore with a capital markets services license, adding a major payments institution license in 2023.
