Crypto Firm Copper Seeks Funds Valuing It at $3 Billion

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.