Copper, a supplier of collateral management and digital asset custody, now provides custody and staking support for the Mina Protocol.
Through Copper’s infrastructure, the integration will enable qualified clients to participate in the Mina Protocol ecosystem.
The platform Copper was established in 2018 to provide institutional investors with exposure to and access to the digital asset market.
In 2020, the platform introduced ClearLoop, an off-exchange settlement mechanism, and offered an MPC wallet.
Without removing assets from Copper’s wallet, ClearLoop enables users to handle digital asset collateral and finalise trades across major cryptocurrency exchanges.
The London-based company claims that increasing MINA stake enables a greater use of ZK technology.
The addition of Copper’s custody solution gives professional and institutional entities more options to diversify their crypto participation with MINA. We hope that it will also raise awareness of institutional use cases for ZK technology, such as zk-KYC credentials that help address compliance without sacrificing user privacy.”
According to Dmitry Tokarev, co-founder and CEO of Copper, and Kurt Hemecker, CEO of Mina Foundation, blockchain and cryptocurrency are at a “pivotal moment for institutional adoption.”
The approval of Ethereum ETFs by the U.S. Securities and Exchange Commission in May and the subsequent trading in July have increased interest according to Tokarev.
As a result, the ecosystem is witnessing a rise in the need for trustworthy instruments that let institutional investors invest in cryptocurrencies.
Copper’s Latest Alliances
In an effort to increase institutional access to the native token of the proof-of-stake network, Copper and Hedera recently teamed up.
Through the connection, investors can use Hedera protocols like SaucerSwap and Copper Connect to use the HBAR and Hedera Token Service utility.
In July, Copper extended its staking and custody offering to Internet Computer.
