Digital asset custodian Copper is considering an IPO, following BitGo’s debut on the NYSE, reflecting growing institutional interest in crypto infrastructure. Copper offers custody, settlement, and collateral management services for financial institutions. Institutional interest in digital assets is rising due to shifting US regulations, positioning crypto companies as financial market infrastructure providers.

BitGo recently went public at $18 per share, raising over $200 million, but its stock has since fallen below its IPO price to a market cap of $1.4 billion. The volatility facing newly listed digital asset companies highlights the growing interest in the sector. BitGo’s IPO underscores crypto’s increasing presence in traditional capital markets.

Several digital asset companies have recently gone public, including Circle, Gemini, Bullish, and Figure Technologies. Other companies like Kraken and Ledger are reportedly considering IPOs as well. Despite some challenges, the trend of digital asset companies going public shows the industry’s growth and potential in traditional finance.

Read more at CoinTelegraph: Copper Explores IPO as Crypto Custody Draws Wall Street Interest