Crypto Custody Firm Copper’s CEO Dmitry Tokarev Plans to Step Down

The
CEO
of
cryptocurrency
custody
firm
Copper,
Dmitry
Tokarev,
is
planning
to
step
back
from
the
day-to-day
running
of
the
firm
and
to
resign
as
CEO,
according
to
two
people
familiar
with
the
situation.

The
digital
assets
custodian,
which
counts
the
former
U.K.
Chancellor
Philip
Hammond
as
its
chairman,
is
interviewing
for
a
replacement,
one
of
the
people
said.

Tokarev,
who
helped
found
the
company
in
2018,
will
still
be
heavily
involved
in
the
business,
the
person
said.
He
remains
a
significant
shareholder.

“We
do
not
comment
on
market
rumours
or
speculation,”
a
Copper
spokesperson
said
in
emailed
comments.

There
have
been
other
executive
departures
of
late.
Last
month,
founding
partner
and
chief
commercial
officer
Boris
Bohrer-Bilowitzki
left
to
take
on
the
role
of
CEO
at
blockchain
firm
Concordium.
Mike
Milner,
the
global
head
of
revenue
who
had
been
with
the
company
for
five
years,
also
left
to
join
Concordium.

Tokarev
has
been
at
the
helm
of
Copper
since
the
institution-focused
digital
asset
storage
firm’s
inception.
He
graduated
from
Imperial
College,
London
with
a
degree
in
Risk
Management
and
Financial
Engineering.