Copper yesterday announced that it has been granted a Trust or Company Service Provider (TCSP) license in Hong Kong. This license, issued by Hong Kong’s Companies Registry, allows Copper to offer trust and corporate services to institutions in the region.
The company sees this as a critical step in its global expansion and commitment to adhering to international regulations. Founder and CEO of Copper, Dmitry Tokarev, stated that this achievement is an essential development for the company’s growth in the Asia Pacific market.
By combining trust and efficiency, Copper’s focus on serving institutions is fortified. The approval of this license in a prominent global hub also showcases Copper’s compliance with Hong Kong’s regulatory frameworks and standards.
One of Copper’s key solutions is ClearLoop, a network that facilitates collateral management and trade settlement across multiple exchanges. This service helps clients reduce their counterparty risk and maximize capital efficiency.
