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Barclays Will Pour $3 Billion In Crypto Custody Firm

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Despite the massive volatility in the crypto market, there are all kinds of juicy moves that are still taking place in the crypto space. Check out the latest moves made by an important banking giant below.

Banking giant supports the mass adoption of crypto

The mainstream adoption of digital assets has been one of the most important goals that the crypto industry has. There have been all kinds of moves in this direction, and they seem to continue. Check out the new move made by Barclays below.

Sky News reported not too long ago that the British banking giant Barclays is buying a stake in a Europe-based crypto asset custody company.

According to a Sky News report, it’s been revealed that some important sources that are familiar with the matter say Barclays is looking to invest millions of dollars in Copper.

This is a firm aiming to provide a secure infrastructure for institutions looking to invest in crypto.

According to the report, Barclays is taking part in Copper’s latest funding round, which is expected to be finalized in the coming days.

Late last year, Copper was eyeing a valuation of at least $3 billion.

As noted by the online publication the Daily Hodl, it’s also important to note the fact that Copper is incorporated in Switzerland and has offices in London, New York, Singapore, Dubai and Zurich.

The crypto custody firm is backed by tech investment firm Target Global and early-stage venture capital firm MMC Ventures.

Another issue that the online publication mentioned above felt the need to note is the fact that the billionaire hedge fund manager Alan Howard is also one of Copper’s prominent investors.

“Copper touts more than 500 clients with over $50 billion of capital flowing through its infrastructure per month,” the notes say.

Stay tuned for more crypto-related news, and make sure to check out the prices in the crypto market as well. There are all kinds of exciting things taking place in the crypto space these days.

At the moment of writing this article, BTC, ETH, and other important coins from the top ten digital assets on CMC are trading in the green.

The digital assets are still surrounded by optimistic price prediciotns despite the fact that there is massive volatility in the markets.

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