Copper adds support for token standards on the Internet Computer Blockchain

Copper, a digital asset custodian, has enhanced its collaboration with the DFINITY Foundation.

This development allows institutions to securely manage assets like ckBTC, a multi-chain Bitcoin twin, alongside other chain-key tokens such as ckETH and ckUSDC. It will also provide institutional investors with secure custody and staking of Internet Computer (ICP) assets on Copper’s platform.

This partnership brings access to the Service Nervous System (SNS) and Internet Computer Request for Comments (ICRC) token standards, marking a new phase of institutional involvement with the ICP ecosystem.

Blockchain interoperability

Chain Fusion technology facilitates interoperability with major blockchains, enabling ICP smart contracts to interact directly with Bitcoin (BTC), Ethereum (ETH), and other networks. 

This is a new advancement for the decentralized finance (DeFi) and Web3 ecosystems, supporting popular dApps, including OpenChat, Dragginz, and ELENA AI.

Marcos Benitez, Copper’s Head of Sales in Switzerland, expressed enthusiasm about the integration, highlighting Copper’s role in enhancing access to vital capital for the ecosystem. 

“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’s collaboration follows the launch of Valour Inc.’s ICP exchange-traded product (ETP), for which Copper serves as the custody provider. This partnership underscores a commitment to driving innovation and expanding the digital asset ecosystem, providing institutions with secure and reliable solutions for navigating the evolving landscape of decentralized finance.