Dmitry Tokarev, the CEO of cryptocurrency custody firm Copper, is planning to step down from his role as CEO to take on a founder’s position at the company. This decision comes as Copper is in the process of interviewing candidates to find a suitable replacement for Tokarev.
Despite stepping aside from the day-to-day operations of the firm, Tokarev will still be actively involved in the business and will remain a significant shareholder. The digital assets custodian, which has former U.K. Chancellor Philip Hammond as its chairman, is looking to ensure a smooth transition in leadership.
In addition to Tokarev’s upcoming change in responsibilities, Copper has also seen other executive departures recently. Both Boris Bohrer-Bilowitzki, the founding partner and chief commercial officer, and Mike Milner, the global head of revenue, left to join blockchain firm Concordium. These changes in leadership come at a time of transition for the company.
Tokarev has been leading Copper since its inception in 2018, bringing with him a background in Risk Management and Financial Engineering from Imperial College, London. His decision to step down as CEO marks a new chapter for the firm as it continues to navigate the evolving landscape of digital asset custody.
As Copper looks to fill the CEO position and move forward with its growth strategy, the company remains committed to its mission of providing secure and reliable custody solutions for institutional clients. With the cryptocurrency industry experiencing rapid growth and innovation, having strong leadership in place will be crucial for Copper’s success in the future.