London based crypto custody firm Copper is reportedly in early talks about a potential initial public offering as investor interest shifts toward the infrastructure supporting digital assets. The company has not finalized any decisions and key factors such as revenue growth and market conditions will determine if and when it proceeds.
The move comes amid a broader trend in financial markets where institutional investors are focusing on crypto plumbing rather than volatile tokens. This includes custody services, settlement systems, and other tools that enable safe and efficient participation in the digital asset space. Firms providing these services are seen as offering more stable and recurring revenue streams compared with traditional cryptocurrency trading.
Recent examples in the sector highlight this shift. BitGo successfully completed its IPO earlier this year, raising over two hundred million dollars and achieving a valuation above two billion dollars. Similarly, hardware wallet maker Ledger is planning a public listing that could value the company at over four billion dollars. These developments reflect a growing confidence in businesses that underpin the digital asset ecosystem.
The emphasis on infrastructure is transforming how Wall Street approaches cryptocurrency. Investors are increasingly attracted to firms that provide essential services and support the broader adoption of digital assets. Copper's potential IPO is part of this trend and could signal a wave of listings from other crypto infrastructure providers in the near future.
The growing attention on crypto plumbing illustrates a maturation of the market as financial institutions seek reliable and regulated solutions to integrate digital assets into their operations.
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