Copper, a digital asset custodian, has improved cooperation with the DFINITY Foundation.
Institutions can now safely manage chain-key tokens like ckETH and ckUSDC alongside assets like ckBTC, a multi-chain counterpart of Bitcoin.
Additionally, it will give institutional investors access to safe custody and Internet computer staking. By granting access to the Internet Computer Request for Comments (ICRC) and Service Nervous System (SNS) token standards, our alliance ushers in a new era of institutional engagement with the ICP ecosystem.
Blockchain Interoperability
Interoperability between major blockchains is made possible via Chain Fusion technology, which allows ICP smart contracts to communicate directly with networks such as Ethereum (ETH), Bitcoin (BTC), and others. This represents a significant development for the Web3 and decentralized finance (DeFi) ecosystems, enabling well-known dApps like ELENA AI, Dragginz, and OpenChat.
The integration has excited Marcos Benitez, Head of Sales for Copper in Switzerland, who also highlighted Copper’s contribution to improving the ecosystem’s access to crucial funding.
“With this development, we anticipate facilitating greater access to vital capital for the ecosystem, including funds, venture capitalists, and exchange listings,” said Benitez. “Our dedication to bolstering the Swiss and Global Web3 ecosystem remains resolute, and we anticipate continued progress and innovation in this dynamic space.”
Copper is the custody provider for Valour Inc.’s ICP exchange-traded product (ETP), which was launched after Copper’s cooperation. This collaboration demonstrates a dedication to advancing innovation and growing the ecosystem for digital assets while offering institutions dependable and safe ways to navigate the changing terrain of decentralized finance.
