Copper's $500M Sale Fails to Find Takers Amid Digital Asset Infrastructure Valuation Woes

Copper, the digital asset infrastructure company behind ClearLoop settlement network, is exploring a sale. The price tag is roughly $500 million, but so far, no buyer has met that mark.

The sale process, advised by Cantor Fitzgerald, marks a pivot from earlier plans. As recently as January 2026, Copper was in discussions about a potential IPO.

Copper's focus has shifted entirely to ClearLoop, its in-custody settlement system. This mechanism enables delivery-versus-payment settlement, where the transfer of assets happens simultaneously with payment. The network currently processes over $50 billion in monthly notional volume and connects more than 1,000 counterparties.

A $500 million asking price for a company that has pivoted away from a major product line and now runs what is essentially a single network service is ambitious. This reflects a broader tension in digital asset infrastructure valuations.