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

As a seasoned crypto investor with a background in risk management and financial engineering from Imperial College, London, I have always admired Copper for its commitment to institutional-focused digital asset storage. The recent news of CEO Dmitry Tokarev stepping back from day-to-day operations and assuming a founder’s role at the company has piqued my interest.

According to sources familiar with the matter, Dmitry Tokarev, CEO of cryptocurrency custodian Copper, intends to relinquish his daily management responsibilities and resign from his position as CEO.

The organization responsible for safeguarding digital assets, chaired by the ex-U.K. Chancellor Philip Hammond, is in the process of seeking a new leader, according to one source.

The individual mentioned stated that Tokarev, who was instrumental in establishing the company back in 2018, will continue to play a substantial role in its operations. He holds a considerable amount of shares in the company.

A representative from Copper stated via email, “We don’t engage with market gossip or conjecture.

Recently, there have been several high-profile exits among executives. Last month, Boris Bohrer-Bilowitzki, our founding partner and chief commercial officer, chose to step down in order to assume the role of CEO at blockchain company Concordium. Similarly, Mike Milner, who had served as the global head of revenue for five years, decided to depart and join Concordium as well.

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.