Copper Seeks New CEO As Dmitry Tokarev Steps Down

According to CoinDesk, Copper, a cryptocurrency custody firm, is in the process of interviewing candidates to replace its current CEO, Dmitry Tokarev. Tokarev, who co-founded the company in 2018, is stepping aside from his role as CEO to take on a founder's role within the company. Despite stepping down, Tokarev will remain significantly involved in the business and retains a substantial shareholding in the firm. The company, which has former U.K. Chancellor Philip Hammond as its chairman, has not commented on the ongoing search for a new CEO. A spokesperson for Copper stated, "We do not comment on market rumours or speculation." This leadership change comes amid other recent executive departures. Last month, Boris Bohrer-Bilowitzki, a founding partner and chief commercial officer, left Copper to become the CEO of blockchain firm Concordium. Additionally, Mike Milner, who served as the global head of revenue for five years, also departed to join Concordium. Tokarev has led Copper since its inception, guiding the institution-focused digital asset storage firm through its formative years. He holds a degree in Risk Management and Financial Engineering from Imperial College, London. The search for a new CEO marks a significant transition for Copper as it continues to navigate the evolving landscape of digital asset custody.