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- Copper.co, a digital asset custodian, has enhanced its integration with Stellar, a blockchain network.
- Institutional clients of Copper.co can now trade more tokens on the Stellar blockchain, including Stellar USDC.
Copper.co, a prominent digital asset custodian, has announced a significant enhancement to its integration with the Stellar blockchain network. This upgrade allows institutional clients to access a wider range of tokens on the Stellar blockchain, including Stellar USDC, reinforcing Copper’s commitment to providing comprehensive access to the evolving digital asset landscape.
We’re delighted to announce an upgrade to our integration with @StellarOrg, allowing institutional clients to trade a broader range of tokens on the Stellar blockchain.
We now support even more tokens like Stellar USDC in addition to our support for Stellar’s XLM.… pic.twitter.com/JaWWpXG8dd
— Copper.co (@CopperHQ) September 26, 2023
Enhanced Stellar Integration
Copper.co’s enhanced integration with the Stellar network is a testament to its dedication to offering clients unparalleled access to innovative blockchains. The Stellar network’s reputation for facilitating cross-border transactions is now complemented by the expanded token offering within Copper’s secure storage and trading ecosystem.
Dmitry Tokarev, CEO at Copper.co, emphasized the significance of this development, stating,
Our enhanced integration with the Stellar network underscores our unwavering commitment to providing our clients with unparalleled access to innovative blockchains. As the Stellar network grows and more tokens like Stellar USDC come to life on the network, we ensure our clients remain at the forefront while their assets stay secure within Copper’s infrastructure. With our integration with the Stellar network, we’re shaping the evolving institutional digital asset landscape.
Comprehensive Access to Digital Assets
Copper.co, founded in 2018 and certified with SOC2 Type 2, is a Swiss-based company setting the standard for digital asset custody and collateral management. Leveraging award-winning technology, Copper offers secure products and services for the custody and trading of cryptocurrencies, tokens, and stablecoins. At the core of Copper’s infrastructure lies ClearLoop, a system that enables clients to trade and settle in near real-time across multiple exchanges, mitigating counterparty risk and increasing capital efficiency.
The Stellar network is a decentralized, fast, scalable, and environmentally sustainable blockchain for financial products and services. It provides a protocol optimized for payments, ensuring low fees and scalable transaction speeds with increased adoption. Financial institutions and innovators globally issue assets and settle payments on the Stellar network, which has processed billions of operations with millions of accounts since its launch.
Implications for Institutional Clients
Copper.co’s expanded integration with the Stellar network holds several implications for institutional clients:
- Increased Token Access: Institutional clients can now access a broader range of tokens on the Stellar blockchain, expanding their investment opportunities within the digital asset space.
- Cross-Border Efficiency: Stellar’s reputation for efficient cross-border transactions aligns with the needs of institutional clients looking to streamline international financial operations.
- Security and Custody: Copper’s SOC2 Type 2 certification and secure infrastructure ensure that institutional clients’ assets remain protected while participating in the Stellar network.
- Stellar network adoption by institutional investors: Copper.co is a trusted partner for many institutional investors, and its decision to enhance its integration with the Stellar network is a strong signal of confidence in the network’s potential.
Copper.co’s enhanced integration with the Stellar network marks a significant digital asset custody and trading milestone. This development empowers institutional clients with greater access to the Stellar blockchain’s capabilities, including cross-border transactions and a broader range of tokens.
As the digital asset landscape continues to evolve, Copper.co remains committed to shaping the future of institutional digital asset management. Additionally, it’s commitment to innovation and its enhanced Stellar integration, commitment to innovation, and focus on institutional clients.
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