Copper to Launch Abu Dhabi-based Digital Securities Brokerage
London-based crypto trading and custody firm Copper announced plans to launch a new brokerage platform for digital assets in Abu Dhabi as soon as early next year, the company announced on Wednesday.
News of the company’s expansion is part of their acquisition of Securrency Capital Limited, which is expected to be renamed to Copper Securities Limited.
According to a press release from Copper, the brokerage platform “provides investors with access to global securities, delivering 24/7 trading with near-real-time settlement.
“In addition, the tokenization of traditional securities enables increased investor access and simpler, more efficient value chain management through automation,” the press release continues.
The brokerage platform will be run out of Abu Dhabi’s international financial center, ADGM, and the organization will be supervised by the Financial Regulatory Authority (FRSA).
“Through this acquisition, Copper is able to grow its role as a global digital asset infrastructure provider and establish a stronger footprint in the United Arab Emirates,” said CEO and founder of Copper, Dmitry Tokarev. “This is just the beginning of our expansion into the Middle East.”
“We look forward to working with Dmitry and team as they serve the rapidly growing Abu Dhabi Global Market,” stated Co-founder and COO of Securrency Capital Limited.
The upcoming digital asset brokerage platform is just one of a number of crypto-related businesses finding success in the United Arab Emirates.
In June, Binance acquired an Operation Minimum Viable Product (MVP) under Dubai’s Virtual Asset Regulatory Authority (VARA).
“The UAE’s embrace of blockchain technology has created a thriving industry with security and innovation as complementary assets at
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