Former UK chancellor Lord Philip Hammond has joined Copper, a UK group that specialises in cryptocurrency custody and trading, as an adviser becoming one of the best-known political figures to join the fast-growing digital assets industry.
Copper launched in 2018 and provides services to institutional investors, from digital currency asset managers to hedge funds and family offices. The company said it handled more than $50bn in transactions each month on behalf of roughly 400 clients.
During his time as chancellor between 2016 and 2019, Hammond championed Britain’s fintech sector and pushed for better access to capital to help start-ups to expand.
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