Copper, a leading digital asset custodian, has expanded its partnership with the DFINITY Foundation.
This collaboration now allows institutions to securely manage assets like ckBTC, a multi-chain Bitcoin representation, in addition to other chain-key tokens such as ckETH and ckUSDC. Furthermore, institutional investors can now securely custody and stake Internet Computer (ICP) assets on Copper’s platform.
By joining forces, this partnership grants access to the Service Nervous System (SNS) and Internet Computer Request for Comments (ICRC) token standards, ushering in a new era of institutional engagement within the ICP ecosystem.
Exploring Blockchain Interoperability
Through Chain Fusion technology, seamless interoperability with major blockchains is achieved, allowing ICP smart contracts to directly interact with networks like Bitcoin (BTC) and Ethereum (ETH).
This breakthrough is a significant advancement for the decentralized finance (DeFi) and Web3 ecosystems, supporting popular decentralized applications like OpenChat, Dragginz, and ELENA AI.
Expressing his excitement about the integration, Marcos Benitez, Copper’s Head of Sales in Switzerland, emphasized Copper’s role in facilitating crucial access to capital for the ecosystem.
“This development is poised to enhance access to vital capital for the ecosystem, including for funds, venture capitalists, and exchange listings,” said Benitez. “Our commitment to strengthening the Swiss and Global Web3 ecosystem remains steadfast, and we look forward to further advancements and innovations in this dynamic space.”
Copper’s collaboration closely follows the launch of Valour Inc.’s ICP exchange-traded product (ETP), with Copper acting as the custody provider. This partnership underscores a shared dedication to driving innovation and expanding the digital asset landscape, offering institutions secure and dependable solutions for navigating the evolving world of decentralized finance.