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Ex-UK Chancellor Philip Hammond Joins Crypto Custodian Copper in Advisory Role

www.coindesk.com 11 October 2021 10:23, UTC
Reading time: ~2 m

Former U.K. Chancellor Philip Hammond has joined crypto infrastructure provider Copper as a senior adviser.

  • Now a member of the House of Lords, the former chancellor will provide strategic advice to the company’s global expansion efforts, Copper announced Monday.
  • Hammond served under Prime Ministers David Cameron and Theresa May from 2010 to 2019, including three years as chancellor and two as foreign secretary.
  • Copper, which says it has over 400 institutional clients, raised $25 million led by hedge fund manager Alan Howard in June supplementing the $50 million Series B funding round of a month earlier co-led by Dawn Capital and Target Global.

Read more: 21Shares Taps Copper for Custody of Crypto ETPs

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