Copper.co, which helps financial institutions trade cryptocurrencies, is in talks with investors to raise funds that would value it at around $3 billion, according to people familiar with the matter.
The company -- which last month hired Philip Hammond, the U.K.’s former Chancellor of the Exchequer, as a senior adviser -- is in talks with investors including Tiger Global, SoftBank Group and Accel to participate in the $500 million funding round, the people said, asking not to be identified as the talks are private. The sides haven’t finalized the deal, they said.
Representatives from Copper, Tiger, SoftBank and Accel declined to comment.