Copper Founder: Building a Billion Dollar Company & Fixing Crypto Custody

Dmitry Tokarev explains Braun's institutional custody innovations, real DeFi phishing risks, and a pragmatic tokenomics and fundraising playbook for crypto firms.

Key Takeaways

Braun and Copper use MPC and gen‑3 wallets with policy engines (48‑hour delays, two-of-three multisig, inheritance/recovery, trusted third parties) for institutional custody and recoverability.
DeFi phishing exploits token allowances and social engineering; law enforcement formed Operation Atlantic—mitigate by never sharing codes, revoking unknown API keys, and verifying exchange withdrawal protections.
Token design is utility-only with fixed supply and time-based KPI unlocks; plan allows future dilution and fundraising while capturing lifetime user value upfront.
Founders' playbook: hire slowly, avoid hypergrowth headcount spikes, back experienced CEOs when needed, prioritize customers over early fundraising, and build brand consistently.
Market strategy centers on a U.S. center of gravity for exits and compliance; infrastructure focus includes Canton/DAML, cross-chain swaps, and preparing for tokenized traditional assets.
Speaker is cautiously bullish on Bitcoin, bought after geopolitical shocks, and is building toward decentralized perps, lending, options and monitoring exchanges like Hyperliquid.

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