{"id":34443,"date":"2024-07-18T07:50:32","date_gmt":"2024-07-18T07:50:32","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/copper-secures-tcsp-license-in-hong-kong-bolstering-global-expansion\/"},"modified":"2024-07-18T07:50:32","modified_gmt":"2024-07-18T07:50:32","slug":"copper-secures-tcsp-license-in-hong-kong-bolstering-global-expansion","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/copper-secures-tcsp-license-in-hong-kong-bolstering-global-expansion\/","title":{"rendered":"Copper Secures TCSP License in Hong Kong, Bolstering Global Expansion"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Copper, a leader in crypto custody, has achieved a significant milestone by obtaining a Trust or Company Service Provider (TCSP) license in Hong Kong. This license, issued by Hong Kong\u2019s Companies Registry, authorizes Copper to provide trust and corporate services to institutions within the region, marking a pivotal step in its global expansion.<\/p>\n

Copper\u2019s CEO and founder, Dmitry Tokarev, emphasized the importance of this achievement. \u201cThis is a key development in Copper\u2019s expansion in the Asia Pacific market. Combining trust and efficiency is fundamental to our institution-first approach,\u201d<\/em> Tokarev stated in the press release. He further noted, \u201cThis license approval in a key global hub only strengthens that unique offer, highlighting Copper\u2019s compliance with Hong Kong\u2019s regulatory frameworks and standards.\u201d<\/em><\/p>\n

Enhancing Institutional Services<\/h2>\n

Copper\u2019s innovative ClearLoop network plays a crucial role in its service offerings. The network allows clients to manage collateral and settle trades across various exchanges, significantly reducing counterparty risk and enhancing capital efficiency. This capability has positioned Copper as the largest global network for off-exchange settlement. In June alone, the network processed 13.1 million trades valued at $109.9 billion.<\/p>\n

Recently, Copper welcomed Kraken MTF, the institution-only derivatives trading unit of the crypto exchange Kraken, to its ClearLoop network. This partnership exemplifies Copper\u2019s commitment to expanding its institutional collaborations and enhancing its service offerings.<\/p>\n

Copper\u2019s new TCSP license not only solidifies its position in the Asia Pacific market but also underscores its dedication to adhering to international regulatory standards. As the company continues to grow, its focus remains on providing secure, efficient, and compliant crypto custody solutions to institutions worldwide.<\/p>\n

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(Originally posted on : Crypto News – iGaming.org ) Copper, a leader in crypto custody, has achieved a significant milestone by obtaining a Trust or Company Service Provider (TCSP) license in Hong Kong. This license, issued by Hong Kong\u2019s Companies Registry, authorizes Copper to provide trust and corporate services to institutions within the region, marking […]<\/p>\n","protected":false},"author":35,"featured_media":34444,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34443"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=34443"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/34443\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/34444"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=34443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=34443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=34443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}