Crypto asset custodian Copper is conducting early evaluations of a potential IPO, and whether to move forward with a listing will depend on its short-term revenue performance. Goldman Sachs, Citi and Deutsche Bank may be involved in the work, but Copper said there are no clear IPO plans at this time. The move follows rival BitGo's IPO listing on the New York Stock Exchange last week, with an IPO valuation of around $2 billion, reflecting a shift in market focus from speculative tokens to infrastructure areas such as digital asset custody and settlement. （CoinDesk）