Copper adds support for token standards on the Internet Computer Blockchain

Digital asset custodian Copper has increased its collaboration with the DFINITY Foundation.

This development will allow institutions to securely manage assets such as ckBTC, a multi-chain Bitcoin twin, alongside other blockchain key tokens like ckETH and ckUSDC. Institutional investors will also be provided with secure storage and staking of Internet Computer (ICP) assets on Copper’s platform.

This partnership brings institutional participation to a new level in the ICP ecosystem by providing access to the Service Nervous System (SNS) and Internet Computer Request for Comments (ICRC) token standards.

Blockchain interoperability

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

This is a new development for the decentralized finance (DeFi) and Web3 ecosystems that support popular dApps such as OpenChat, Dragginz, and ELENA AI.

Marcos Benitez, Copper’s Switzerland Sales Manager, expressed his excitement about the integration, underlining Copper’s role in increasing access to capital that is vital to the ecosystem.

“With this development, we anticipate greater access to capital, including funds, venture capitalists and stock exchange listings, which are vital to the ecosystem,” Benitez said. “Our commitment to supporting the Swiss and Global Web3 ecosystem remains steadfast, 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. The partnership underscores its commitment to driving innovation and expanding the digital asset ecosystem by providing institutions with secure and reliable solutions to navigate the evolving landscape of decentralized finance.