Copper, a digital asset custodian, has enhanced its partnership with the DFINITY Foundation.
This development allows institutions to securely manage assets such as ckBTC, a multi-chain Bitcoin twin, alongside other chain-key tokens such as ckETH and ckUSDC. It will also provide institutional investors with secure custody and staking of Internet Computer (ICP) assets on the Copper platform.
This partnership provides access to the Service Nervous System (SNS) and Internet Computer Request for Comments (ICRC) token standards, marking a new phase of institutional involvement in the ICP ecosystem.
Blockchain interoperability
Chain Fusion technology facilitates interoperability with major blockchains, allowing ICP smart contracts to communicate directly with Bitcoin (BTC), Ethereum (ETH) and other networks.
This is a new advancement for the decentralized finance (DeFi) and Web3 ecosystems, which power popular dApps including OpenChat, Dragginz and ELENA AI.
Marcos Benitez, Copper’s head of sales in Switzerland, expressed his excitement about the integration and highlighted Copper’s role in improving access to essential capital for the ecosystem.
“With this development, we expect to facilitate greater access to essential capital for the ecosystem, including funds, venture capitalists and stock exchange listings,” Benitez said. “Our commitment to strengthening the Swiss and global Web3 ecosystem remains resolute, and we expect continued progress and innovation in this dynamic space.”
The partnership with Copper follows the launch of Valor Inc.’s ICP exchange-traded product (ETP), for which Copper acts as custodian. This partnership underlines the commitment to driving innovation and expanding the digital asset ecosystem, providing institutions with secure and reliable solutions for navigating the evolving landscape of decentralized finance.