Crypto custody firm Copper in early talks for IPO as crypto 'plumbing' becomes new Wall Street favorite

The London-based custody provider is weighing a potential public listing, aiming to follow rival BitGo's recent IPO. What to know : Copper is evaluating a public listing, though a final decision will hinge on near-term revenue targets, according to sources. Goldman Sachs, Citi and Deutsche Bank are said to be among the investment banks potentially involved. The move follows the $2 billion IPO of competitor BitGo last week, signaling a market shift away from speculative tokens toward the financial plumbing of digital assets.