Crypto custody firm Copper in early talks for IPO as crypto 'plumbing' becomes new Wall Street favorite
Crypto custody firm Copper is in early discussions for an IPO, following the recent public listing of rival BitGo.Summary
London-based crypto custody provider Copper is reportedly in early discussions regarding a potential Initial Public Offering (IPO), with investment banks like Goldman Sachs, Citi, and Deutsche Bank potentially involved. The decision to proceed will depend on the company's near-term revenue performance. A Copper spokesperson stated that while they regularly assess financing options, they are not planning an IPO, though they declined to confirm current early talks. This move follows the recent high-profile debut of rival BitGo, whose listing set a benchmark for firms providing 'plumbing' or infrastructure for the financial industry. The crypto industry saw a significant breakthrough onto public markets in 2025, driven by regulatory clarity, with infrastructure firms generally performing well, contrasting with some other crypto listings that experienced post-debut volatility. Experts suggest the next wave of IPO candidates, like Copper, will emphasize compliance maturity and recurring revenue.
(Source：CoinDesk)