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UK crypto custody company Copper is seeking to sell at an estimated valuation of approximately $500 million, with Cantor Fitzgerald hired to assist in advancing the sale. Reports say that Copper's core asset is its custody settlement system ClearLoop, which allows institutions to complete custody DvP (delivery versus payment) settlements without transferring assets on-chain, reducing settlement risk. Copper shut down its enterprise custody business in 2023 and shifted focus to ClearLoop. Copper had also considered an IPO earlier, but amid Bitcoin prices falling below $80k and the AI industry attracting significant capital, the overall crypto IPO market has been relatively sluggish. (CoinDesk)