Barclays Takes Up Stake in Cryptocurrency Firm Copper According to reports from Sky News cryptocurrency firm Copper, which is advised by former chancellor Lord Hammond, is raising funds from new and existing investors, including the multi-national bank Barclays. The London-based bank reportedly plans to invest a few million in Copper’s Series C funding round. Global financial services provider Barclays has announced that it will purchase a multi-million-dollar stake in cryptocurrency firm Copper. Barclays will invest a few million dollars in the Switzerland-based company as part of a new funding round. Founded in 2018 by Dmitry Tokarev, Copper provides custody, prime brokerage, and settlement services to institutional investors in cryptocurrencies and services to over 400 clients, including traders, crypto funds, and family offices. Copper’s claim to fame is its use of the proprietary ClearLoop technology that it uses to link 45 cryptocurrency exchanges with immediate offline settlement over its integrated networks. This investment marks the second time this year Barclays has invested in a crypto company.