Copper, a digital asset custodian, has enhanced its collaboration with the DFINITY Foundation, enabling institutions to securely manage assets like ckBTC, a multi-chain Bitcoin twin, and other chain-key tokens such as ckETH and ckUSDC. This partnership also allows institutional investors to securely custody and stake Internet Computer (ICP) assets on Copper’s platform.
This collaboration introduces access to the Service Nervous System (SNS) and Internet Computer Request for Comments (ICRC) token standards, marking a significant milestone in institutional involvement with the ICP ecosystem.
Chain Fusion technology enables ICP smart contracts to interact directly with major blockchains like Bitcoin and Ethereum, enhancing the DeFi and Web3 ecosystems. This supports impactful dApps such as OpenChat, Dragginz, and ELENA AI.
Marcos Benitez, Copper’s Head of Sales in Switzerland, emphasized Copper’s role in providing greater access to vital capital for the ecosystem, including funds, venture capitalists, and exchange listings.
This collaboration follows the launch of Valour Inc.’s ICP exchange-traded product (ETP), for which Copper acts as the custody provider. This underscores a commitment to innovation and expanding the digital asset ecosystem, offering secure solutions for navigating decentralized finance.
The strategic importance lies in fostering progress and innovation within the dynamic Web3 space.
