News
Copper Adds Support for Standard Tokens on Internet Computer Blockchain
Copper, a digital asset custodian, has strengthened its partnership with the DFINITY Foundation.
This development allows institutions to securely manage assets like ckBTC, a multi-chain twin of Bitcoin, alongside other key chain tokens like ckETH and ckUSDC. It will also provide institutional investors with secure custody and staking of Internet Computer (PIC) 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 engagement with the ICP ecosystem.
Blockchain Interoperability
Chain Fusion technology makes it easier interoperability with major blockchains, allowing ICP smart contracts to interact directly with Bitcoin (BTC), Ethereum (ETH) and other networks.
This is a new advancement for decentralized finance (DeFi) and Web3 ecosystems, which support popular dApps, including OpenChat, Dragginz, and ELENA AI.
Marcos Benitez, Head of Sales for Copper in Switzerland, expressed enthusiasm for the integration, highlighting Copper’s role in improving access to vital capital for the ecosystem.
“With this development, we expect to facilitate greater access to vital capital for the ecosystem, including funds, venture capitalists and IPOs,” Benitez said. “Our commitment to strengthening the Swiss and Global Web3 ecosystem remains unwavering, and we anticipate continued progress and innovation in this dynamic space.”
Copper’s collaboration follows the launch of Valour Inc.’s publicly traded ICP product (ETP), for which Copper serves as a custodian. This partnership underscores the commitment to driving innovation and expanding the digital asset ecosystem by providing institutions with secure and reliable solutions to navigate the evolving decentralized finance landscape.