ChainCatcher news, according to Coindesk, two people familiar with the matter revealed that Copper's CEO Dmitry Tokarev plans to step back from the company's day-to-day operations and resign from his position as CEO. One insider stated that Copper is looking for a successor.Dmitry Tokarev co-founded the company in 2018 and will remain deeply involved in its business. He is still a significant shareholder in the company. Recently, other executives have also left. Last month, founding partner and Chief Business Officer Boris Bohrer-Bilowitzki left to become the CEO of blockchain company Concordium. Mike Milner, the global revenue head who served at the company for five years, also left to join Concordium. Dmitry Tokarev has been at the helm of Copper since its establishment as a digital asset custody company focused on institutions. He graduated from Imperial College London with a degree in risk management and financial engineering.A Copper spokesperson commented in an email: "We do not comment on market rumors or speculation."

ChainCatcher news, according to The Block, the crypto custody firm Hex Trust has received in-principle approval for a Major Payment Institution (MPI) license in Singapore, which allows it to provide cryptocurrency custody and over-the-counter trading services in Singapore.Hex Trust previously obtained a virtual asset service provider license in Dubai in November 2023.

ChainCatcher news, according to CoinDesk, cryptocurrency custody company Fireblocks announced on Thursday that it has listed Zodia Custody, Komainu, CloudTech, Zerocap, and Rakkar as the five companies joining its global custody partner program. The global custody program offers local third-party crypto custody options in appropriate jurisdictions for crypto institutions using Fireblocks technology, including the UK, Australia, Singapore, the UAE, and Japan.The custody company stated that Fireblocks' recently announced application for a New York trust company, once approved, will meet the needs of U.S. clients. The Fireblocks partner program simplifies clients' digital asset financial management and provides fast digital asset trading and dynamic payment workflows. As the custody program develops, its goal is to target regions such as the EU and Latin America.

ChainCatcher news, according to Fortune magazine, cryptocurrency custodian Anchorage Digital has announced the launch of Porto, a self-custody wallet for institutions. This wallet is directly provided by Anchorage's digital division, allowing institutions to hold and manage their own assets, rather than having assets custodied on behalf of clients, using the same underlying technology as their banks, such as biometric authentication and asset recovery. Porto supports over 200 tokens, including Bitcoin, Ethereum, Aptos, and Sui.It is reported that Anchorage Digital received approval for a national trust charter from the Office of the Comptroller of the Currency in early 2021.

ChainCatcher news, according to CNBC, Standard Chartered's crypto custodian Zodia Custody began operations in Singapore on Tuesday, aiming to capitalize on the country's rapidly growing digital asset market. According to Zodia in a press release, this development makes it the first entity owned by a bank and collaborating with banks to provide digital asset custody services for financial institutions in Singapore. Zodia stated that it hopes to expand its business across the Asia-Pacific region to meet the growing demand from institutions for bank-grade digital asset custody and the needs of its existing clients in the region.

ChainCatcher news, CoinDesk reports that the Eighth Judicial District Court of Nevada has approved the entry of cryptocurrency custodian Prime Trust into bankruptcy management. Previously, Nevada had ordered the company to cease all activities and accused it of using customer funds to meet withdrawal requests.According to documents submitted to the Financial Institutions Division (FDI) of the Nevada Department of Business and Industry, Prime Trust's overall financial condition has severely deteriorated, placing the company in an unsafe or unsound trading situation, and its business will be taken over by Nevada Bank President John Guedry.Previous report states that in June of this year, Nevada regulators announced they had applied to take over Prime Trust and froze all its operations. Another cryptocurrency custodian, BitGo, terminated its acquisition of Prime Trust. It is reported that Prime Trust owes customers $85.67 million in fiat and $69.509 million in digital currency, but only holds $2.904 million in fiat and $68.648 million in cryptocurrency. Regulators also accused Prime Trust of using funds from customer accounts to meet withdrawal requests from old wallets.

ChainCatcher news, institutional-grade cryptocurrency custodian Anchorage Digital announced that its institutional clients can now use their Anchorage Digital addresses to participate in Snapshot voting, currently supporting over 60 ERC-20 Tokens, with plans to enable support for all ERC-20 Tokens in the future. (source link)

ChainCatcher news, cryptocurrency custodian Finoa has received three license approvals from the Federal Financial Supervisory Authority (BaFin) of Germany, including custody license approval, broker-dealer license approval, and proprietary trading license approval.In addition, Finoa has completed a strategic venture capital investment led by new investor Middlegame Ventures, with existing investors including Balderton Capital, Coparion, Venture Stars, and Signature Ventures. Finoa has not disclosed the specific amount of financing.It is reported that Finoa completed a $22 million Series A financing in 2021, led by Balderton Capital. (CoinDesk)