Crypto custodian Copper weighs IPO as institutional demand grows: Report

A potential listing would further legitimize digital asset custody as core market infrastructure rather than a niche service following BitGo's public launch.

Digital asset custodian Copper is reportedly weighing an initial public offering (IPO) shortly after rival BitGo debuted on the New York Stock Exchange, underscoring growing institutional appetite for cryptocurrency infrastructure companies. 

Citing sources close to the discussions, CoinDesk reported Thursday that Copper is exploring its public listing options, with Deutsche Bank, Goldman Sachs and Citigroup among the banks involved.

A Copper spokesperson said the company is not currently planning a public listing, but declined to comment on whether the custodian is in early-stage talks about going public.

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