Ethereum

Ex-UK Chancellor Philip Hammond Joins Crypto Custodian Copper in Advisory Role

Former U.K. Chancellor Philip Hammond has joined crypto infrastructure provider Copper as a senior adviser.

Now a member of the House of Lords, the former chancellor will provide strategic advice to the company’s global expansion efforts, Copper announced Monday.Hammond served under Prime Ministers David Cameron and Theresa May from 2010 to 2019, including three years as chancellor and two as foreign secretary.Copper, which says it has over 400 institutional clients, raised $25 million led by hedge fund manager Alan Howard in June supplementing the $50 million Series B funding round of a month earlier co-led by Dawn Capital and Target Global.

Read more: 21Shares Taps Copper for Custody of Crypto ETPs

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