Fintech Trennding

Copper Chosen by SWARM as Preferred Digital Custodian

SWARM, an infrastructure provider for the issuance and trading of digital assets, has selected Copper as its preferred digital custodian. The integration of Copper’s solution will provide the institutional grade security fundamental to the mass market trading of digital securities. 

Copper’s technology will secure assets held or managed as well as delivering settlement services through APIs, which trigger subsequent processes for the SWARM (SWM) that are wrapped to be invested into for investment opportunities on the SWARM platform.

Copper already provides custody for multiple crypto funds and investors operating a full range of investment strategies. The company also plans on providing custody for fiat in the future.

Copper has recently improved the security protocols of its custodial service further by adding military grade optical air-gapping. This enhancement ensures the complete security of an offline repository of asset owners’ sharded keys during the transaction signing process.

Philipp Pieper, Co-Founder of SWARM, has commented: “The integration between Copper and SWARM is a great fit due to the compatibility of our technologies as well as our teams. Copper provides the level of institutional grade security and convenience that is absolutely essential for the adoption of digital securities by institutional investors and the retail market.

Philosophically, we have found in Copper a team who are committed to the growth of a broad ecosystem for digital securities, who share our innovative spirit, and who know that we will all get further, faster when we build together.”

Dmitry Tokarev, CEO and Founder of Copper, said: “SWARM is at the forefront of the emerging security token investment industry and we are excited to enable its vision. Although the crypto industry is evolving rapidly, it still needs large institutional involvement before the space can fully-mature.

This cannot be achieved without proper custody solutions ensuring assets are secure alongside solutions that help institutions easily navigate the industry. The partnership between SWARM and Copper puts us at the forefront of developing the infrastructure for financial services 2.0”.

Author

  • Editorial Director of the The Fintech Times

Related posts

AML and Identity Checks: Lessons Learned From the NatWest Case With SmartSearch

Polly Jean Harrison

COVID-19 and the rise of the Megatrends!

Robert Cooke

Wirex Temporarily Pauses New UK Customers to Crypto-Friendly App

Polly Jean Harrison