PANews reported on October 28 that according to Bloomberg, Dmitry Tokarev, founder of London-based cryptocurrency custody company Copper Technologies Ltd., has established a new company, Bron Labs, to address the security risks of self-custody of digital assets.

Bron Labs is a self-hosted platform designed to provide consumers and professionals with advanced security previously available only to large enterprises. Tokarev revealed that Bron Labs secured approximately $15 million in funding earlier this year from approximately 140 individuals and institutions, including LocalGlobe, Fasanara Digital, and GSR.