Cryptocurrency">Cryptocurrency custody provider Copper is gearing up to launch brokerage services for digital securities in Abu Dhabi in early 2024 through a newly created unit called Copper Securities.
Copper is working closely with Abu Dhabi’s Financial Services Regulatory Authority (FSRA) to secure necessary approvals for the new digital assets arm.
The expansion builds on Copper’s acquisition of Securrency Capital, an Abu Dhabi-based tokenization platform division once owned by Securrency.
Copper joins the growing list of crypto firms capitalizing on United Arab Emirates’ clear digital asset regulations versus other countries. It aims to tap rising institutional demand.
By bridging traditional securities and blockchain technology, Copper Securities will offer automated processing for actions like settlements and dividend payouts.
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