Digital asset infrastructure provider Copper has established a regulated presence in the US: its local unit has become a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and joined the Financial Industry Regulatory Authority (FINRA).
Copper announced on Wednesday that Copper Markets (US) Inc. has become a member of FINRA. This will allow the company to expand its institutional custody and trading infrastructure in the United States.
FINRA BrokerCheck records show that Copper Markets has been registered with the SEC since August 7. The FINRA records also list the company's self-regulatory organization.
Copper stated that its US unit will offer qualified custody, staking, financing, and over-the-counter trading services, as well as access to the ClearLoop network. Through it, institutional clients can transfer and move crypto assets and tokenized assets as collateral between counterparties.
The company described the US expansion as establishing a 'qualified custodian' status. Under SEC rules, registered broker-dealers that hold client assets in customer accounts can meet custodian requirements.
Related: Bitcoiners Roll Dice, Rethinking Self-Custody Solutions
end-content
