Crypto custodian Copper is hiring executives from the Bank of America (BofA) to help develop prime brokerage platforms. Bank of America Hires Executives From Copper to Build Crypto Product Copper’s prime brokerage platform project will be led by Michael Roberts, who joins directly from BofA, where he was head of the bank’s prime brokerage platform for the Europe, Middle East, and Africa region. Other members to join Copper include former BofA directors Adam Groom and Paul Barham from the same team at the bank as well as Ben Carr and Ross Budgen. A team of Bank of America executives have left for crypto startup Copper https://t.co/7PFzx3ExXM — Bloomberg (@business) April 11, 2022 Copper wants to build a prime brokerage platform that eliminates the need for exchanges to make sure that a true prime brokerage offering can be enabled in this space. Tokarev added, “There’s not a single sell-side institution on the planet, or at least in the top 20, that is not working on something in digital assets,” . In light of this, the firm even launched ClearLoop, a digital asset custodian that connects the universe of custodians and exchanges in one secure trading loop with real-time settlement across the network in 2020.The post Bank of America Executives Resign to Join Crypto Startup Copper first appeared on Cryptoknowmics-Crypto News and Media Platform.The post Bank of America Executives Resign to Join Crypto Startup Copper appeared first on Cryptoknowmics-Crypto News and Media Platform.
