From Wall Street to Web3: Copper’s Integration with Radix Opens Doors for Billion-Dollar Funds
Copper, a prominent provider of digital asset custody and prime services, has announced the integration of Radix into its robust custody solutions. This development marks a significant step for Copper in diversifying its offerings to institutional clients, who are increasingly interested in the vast potentials of the Web3 and decentralized finance (DeFi) spaces.
Innovative Custody Solutions Meeting Institutional Needs
Copper’s institutional custody services are tailored to meet the stringent requirements of large-scale asset management, including those of hedge funds and banks. With over $50 billion in monthly notional trading volume, Copper’s infrastructure supports more than 600 digital assets.
The firm’s clients include major financial players such as Brevan Howard Digital and 21Shares, demonstrating Copper’s pivotal role in securing institutional entry into the cryptocurrency market. These services ensure compliance with rigorous regulatory standards for asset security, reporting, and operational transparency, essential for institutional participation in the digital asset space.
Radix is recognized for its decentralized network designed to optimize the user and developer experience across Web3 and DeFi applications. By incorporating Radix (XRD) into its custody services, Copper not only widens its asset offerings but also leverages Radix’s innovative technology to enhance operational efficiency and security.
Radix’s technology, particularly its user-friendly features in the Radix Wallet, such as Smart Accounts and secure transaction reviews, aligns with Copper’s commitment to providing a seamless and secure user experience.
Partnership for Broader Access
The integration with Radix allows Copper to offer its institutional clients a gateway to the Radix network, known for its intuitive operational framework and secure transaction protocols. This partnership enables institutions to engage more profoundly with blockchain technology, facilitating safe and efficient interactions within the Web3 ecosystem.
The collaboration is expected to attract more institutional investors to the Radix platform, providing them with innovative tools and technologies to navigate the digital asset space effectively.
Looking forward, the partnership between Copper and Radix is set to expand the horizons for both entities within the blockchain sector. For Copper, this integration enhances its capability to offer differentiated services tailored to the specific needs of institutional clients. For Radix, association with a leading custody provider like Copper not only validates its technological offerings but also increases its visibility and usability among significant financial players.
