- Lord (Philip) Hammond will join crypto custody firm Copper as chairman.
- Hammond has acted as an advisor to the group since 2021.
- With Hammond, Copper increased its employee count from 50 to over 300.
Copper.co, the industry’s premier supplier of institutional digital asset storage and trading solutions, has announced that Lord (Philip) Hammond of Runnymede, a former Chancellor of the Exchequer, would serve as Chair of the company going forward. According to people familiar with the matter, Philip Hammond will take the role with immediate effect.
Since October 2021, Lord Hammond has been acting in the capacity of Senior Adviser to Copper. During this period, he has been offering the Copper team his strategic counsel in order to help the company achieve its goals of considerable growth as well as worldwide expansion of its operations and services.
Lord Hammond has been at the forefront of efforts to promote the United Kingdom as a global leader in digital asset technology. He has also been making the case in public for the necessity of connecting traditional finance with distributed ledger technology and is working to reform the regulatory framework that governs digital assets in the United Kingdom.
It is crucial to keep in mind that since Lord Hammond started working with Copper as a Senior Adviser, the company has more than doubled its sales and increased its employee count from 50 to over 300.
Copper allegedly became the infrastructure partner of State Street Digital, onboarded significant hedge funds, and partnered with several players in the Defi ecosystem as part of its groundbreaking collaborations with key financial institutions.
Lord Hammond extends his praises to Copper, a company that has pioneered the use of digital asset investment technology. Copper is increasingly emerging as the leading option for global financial institutions to trade and safeguard their digital assets according to his statements.
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