Copper

Copper is an institutional digital asset infrastructure provider founded in 2018 that offers custody, staking, collateral management, and settlement services through a unified platform. Its ClearLoop Network routes more than $3 billion in monthly off-exchange settlements and supports $105 billion in monthly notional trading volume, making Copper one of the most operationally significant pieces of infrastructure in professional crypto markets. In 2025 and 2026 the company added Solana-native staking integrations, expanded its product suite to include JitoSOL liquid staking, and registered as an SEC broker-dealer and FINRA member in the United States.

What Copper Does

Copper positions itself as the institutional standard for digital asset infrastructure, connecting custody, execution, settlement, and collateral management in a single integrated system. The company's stated mission is to allow professional market participants to move capital across digital asset markets with the security and structure they require — without repeatedly transferring assets to trading venues, which creates counterparty and settlement risk.

The platform is organized into two main categories: Hold and Move.

Hold covers secure asset storage through Copper's MPC-based custody vaults, treasury management, staking, and rewards programs. Copper's Multi-Party Computation technology ensures no complete private key is ever constructed, eliminating a central point of failure. Governance controls prevent any single individual from unilaterally moving assets, satisfying the operational security requirements of banks, funds, and regulated product issuers.

Move covers collateral management, institutional financing, over-the-counter trading, and settlement through the ClearLoop Network. ClearLoop is Copper's proprietary off-exchange settlement layer: clients pledge digital assets as collateral at a trading venue through Copper without physically transferring those assets, maintaining custody throughout. This setup eliminates the "exchange risk" that plagued institutional crypto trading — the risk that assets sitting on a centralized exchange could be lost if the venue failed.

Scale and Infrastructure

By 2026 Copper's platform handles 60 million monthly trades executed with Copper-backed collateral. The ClearLoop Network processes $3 billion in monthly off-exchange settlements and supports $105 billion in monthly notional trading volume in protected collateral. Notable institutional clients using the platform include 21Shares, Blockchain.com, Ethena, FalconX, Fasanara, Flow Traders, and BH Digital.

These figures reflect the shift in institutional crypto infrastructure toward settlement and custody layers rather than trading platforms — a trend broadly described as the "crypto plumbing" category, which attracted renewed investor attention in early 2026.

Solana Integration

Copper has built meaningful support for Solana-based assets. In March 2025 the company partnered with Figment to offer institutional staking across Ethereum, Solana, and Polkadot through the Copper platform. A separate April 2025 partnership with P2P.org added further Solana and Polkadot staking infrastructure. Through an integration with Everstake, institutional clients can natively stake SOL alongside ETH, ADA, NEAR, and ATOM directly from Copper custody.

In September 2025 Copper added JitoSOL support via the Copper Network, allowing institutional clients to mint, burn, trade, and custody JitoSOL — Solana's leading liquid staking token — entirely from within Copper's secure infrastructure. The integration targets institutional clients and regulated product developers seeking end-to-end SOL staking exposure without taking on direct on-chain operational complexity. All transactions are processed through Copper's MPC custody layer and can be paired with ClearLoop for collateral management.

Regulatory Footprint and Expansion

Copper is registered in Switzerland (CHE 477.629.838) as a financial intermediary with the FINMA-authorized VQF. In late 2025, Copper ME received in-principle approval from the Financial Services Regulatory Authority in Abu Dhabi (ADGM), establishing a Middle Eastern regulated presence.

The most significant recent regulatory development was announced in August 2026: Copper Markets (US) Inc. became an SEC-registered broker-dealer and achieved FINRA membership in the Americas, gaining qualified custodian status under US rules. The US subsidiary now offers qualified custody, staking, institutional financing, OTC trading, and access to the ClearLoop Network to American institutional clients.

Product Expansion (2025–2026)

In December 2025 Copper partnered with FalconX to expand ClearLoop integration to Deribit, giving institutional derivatives traders access to off-exchange settlement on one of the largest options venues in crypto. A ClearLoop Loans product combines institutional financing with off-exchange settlement in a single facility. Also in December 2025, native mint and redeem functionality for Ethena's sUSDe digital assets went live on Copper's platform. A stablecoin rewards program added support for Ripple USD and Solstice.

Copper publishes regular institutional research through its "Opening Bell" report series, covering digital asset market structure, regulatory developments, and capital market trends for professional audiences.

Leadership and Corporate Direction

Amar Kuchinad was appointed global CEO in October 2024. In March 2025 Tammy Weinrib joined as Chief Compliance Officer for the Americas, ahead of the company's US regulatory push. In January 2026 CoinDesk reported that Copper was in early-stage discussions about a public listing, with Goldman Sachs, Citi, and Deutsche Bank among the investment banks potentially involved. Copper's spokesperson stated the company was assessing financing options but was not planning an IPO at the time of the report. The potential listing would follow BitGo's $2 billion NYSE IPO and reflects broader 2026 investor appetite for regulated crypto infrastructure businesses.

Summary

Copper is an active, scaling institutional infrastructure company that has grown well beyond its custody origins into a full-stack platform for institutional capital movement in digital asset markets. Its ClearLoop settlement network, multi-jurisdictional regulatory approvals, and expanding Solana staking capabilities position it as a key piece of the professional crypto market's infrastructure — particularly as institutions demand compliant, non-custodial risk structures for trading and staking.