London-based crypto trading firm Copper is set to launch tokenized securities early next year. Led by former British Chancellor Phillip Hammond, the company aims to cater to the growing demand from institutional investors. The service will initially be introduced in Abu Dhabi through Copper Securities, the company’s new arm in the United Arab Emirates. Copper is currently in the process of obtaining regulatory approval from local authorities. Using blockchain technology, Copper plans to offer securities financing and payment solutions to institutional clients across more than 90 markets worldwide. The company acquired its securities arm earlier this year with the goal of providing tokenized securities within the Abu Dhabi Global Market. Hammond, who has ties to the region, has been advising the government of Saudi Arabia since 2021 and became a senior adviser to Copper in the same year before assuming the role of chair in 2023. He believes that blockchain technology can play a crucial role in the post-Brexit UK financial services sector. Securities tokenization involves converting financial assets, such as stocks or real estate, into digital tokens on a blockchain. This process enables easier access to expensive assets and increases market liquidity by allowing fractional ownership. The popularity of asset tokenization is expected to continue growing, with investment managers in the UK being encouraged to use blockchain technology to tokenize investment funds. This shift can lead to a more efficient and transparent financial industry, according to a report by the Investment Association.

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Information	Details
Geography	Middle East
Countries	🇦🇪 🇸🇦 🇬🇧
Sentiment	neutral
Relevance Score	1
People	Phillip Hammond
Companies	Copper, Investment Association, Copper Securities, Abu Dhabi Global Market (ADGM)
Currencies	None
Securities	None