Point72 Ventures

We know how to solve complex financial technology and socio-economic problems

May 4, 2021
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We remain excited by the long-term potential of digital assets to reshape the future of finance. As Copper announces ClearLoop, its off exchange settlement offering, I wanted to highlight some of our thinking in making the decision to back the Copper team.

Founded in 2018 by Dmitry Tokarev, Copper has developed a next-gen integrated trading and custody infrastructure. The business has quickly established itself as the go-to provider of safeguarding and trading infrastructure for institutions invested in digital assets.

We continue to spend time with many Blockchain start-ups as part of our ongoing research in the space — we’re a research-led fund — and what has become clear in capital markets is how fundamental the infrastructure layer is for the ecosystem to further develop and prosper. We believe Copper has what it takes to become a critical part of this infrastructure.

The importance of robust digital infrastructure — our investment thesis is built around five pillars

  • Copper has an impressive founding team with strong domain knowledge across both finance and technology. Dmitry is passionate about the company culture and has demonstrated an ability to hire top talent. No VC investment makes sense without this critical component.
  • Institutional investor interest in digital assets is growing. We expect growth to continue as the number of digital assets increases, the regulatory frameworks are further developed and more robust trading infrastructure is built.
  • The infrastructure layer will accrue value as flows increase. Companies facilitating the flow of transactions will quickly become critical infrastructure in the eyes of large market participants.

  • Blockchain and digital assets are here to stay

  • Investors aren’t so lucky. Great companies are fundamentally contrarian bets. The most successful venture funds don’t see returns or traction for many years. Instead of relying on external confirmation about companies – articles, urgency, other investor interest, impressive metrics – build your own internal algorithm, trust in your core theses and the founders that inspire you. It’s the only way to change the way the world works.
This blog post is not an advertisement nor an offer to sell nor a solicitation of an offer to invest in any entity or other investment vehicle and has been published for informational and market commentary purposes.  The information herein is not intended to be used as a guide to investing or as a source of any specific investment recommendation, and it makes no implied or express recommendation concerning the suitability of an investment for any particular investor.  Neither Point72 Private Investments, LLC nor any of its affiliates (collectively, “Point72”) accepts any liability for such information’s fairness, correctness, accuracy, reasonableness or completeness—no reliance should be placed on this document or the information contained herein.  Point72 is under no obligation to update this document or to otherwise notify a reader if any matter stated statement or information contained here changes or subsequently is shown to be inaccurate. The opinions, projections and other forward-looking statements are based on assumptions that the authors’ believe to be reasonable but are subject to a wide range of risks and uncertainties, and, therefore, actual outcomes and future events may differ materially from those expressed or implied by such statements.  Investment strategies, such as those discussed herein, contain inherent risks and limitations, including that such investments may be subject to unfavorable competitive dynamics or that the methods described herein may not be successful in achieving investment objectives. All investments carry a risk of loss.