UK-based crypto custody firm Copper is pursuing a sale valued at approximately $500 million, with Cantor Fitzgerald engaged to facilitate the process. Copper's primary asset is its ClearLoop custody settlement system, which enables institutions to conduct Delivery versus Payment (DvP) settlements within custody without transferring assets on-chain, thereby reducing settlement risk. In 2023, Copper ceased its enterprise custody services to focus on ClearLoop. The company had previously considered an IPO, but the crypto IPO market remains sluggish as Bitcoin prices stay below $80,000 and the AI sector attracts significant capital.