EXCLUSIVE: Copper and Figment partner to expand institutional staking

Copper, a provider of digital asset custody and collateral management, has partnered with staking infrastructure provider Figment to enhance institutional staking options. 

The collaboration enables Copper’s institutional clients to stake assets securely while earning rewards across multiple blockchain networks, including Ethereum (ETH), Solana (SOL), and Polkadot (DOT).

The move comes as institutional investors are looking at staking as a way to generate passive income on their crypto holdings while maintaining security and compliance.

By integrating Figment’s staking services with Copper’s custody solutions, clients can stake assets without compromising asset protection or regulatory adherence, crypto.news can exclusively report.

Secure staking environment

The partnership combines Copper’s multi-party computation-based custody with Figment’s staking expertise, offering clients a secure and regulated staking environment.

Figment’s infrastructure is backed by SOC 2 Type II and ISO 27001 certifications, ensuring high-security standards. Additionally, risk mitigation measures protect against double signing, downtime, and missed rewards.

“This collaboration delivers a secure staking infrastructure with the potential to earn tangible rewards,” said Ben Lorente, Strategic Alliances Director at Copper. 

Ben Spiegelman, VP of Corporate Development at Figment, highlighted that the partnership provides institutional clients with “the robust infrastructure security measures they need” to participate in staking confidently. 

On Feb. 11, Copper announced the launch of a blockchain-based platform that aims to transform the digital asset lending market by also integrating traditional finance. Copper’s financing solution addresses issues such as limited visibility, inflexibility, and slow settlement times.