Digital asset custody and collateral management provider Copper now offers custody and storage support for the Mina protocol.
Cooper.co It was announced Bitcoin announced its support for the Mina protocol on August 21, noting that supporting the zero-knowledge blockchain platform’s native token expands digital asset options for institutional investors.
The integration will allow eligible clients to participate in the Mina Protocol ecosystem through Copper’s infrastructure.
Targeting institutional investors
Founded in 2018, Copper is a platform that seeks to give institutional investors access and exposure to the digital asset market. The platform introduced the MPC wallet and launched its OTC settlement solution, ClearLoop, in 2020.
ClearLoop allows users to manage digital asset collateral and settle trades across major crypto exchanges without moving assets outside of the Copper wallet.
According to the London-based company, the addition of MINA Staking allows for increased adoption of ZK technology.
“The addition of Copper’s custody solution gives professional and institutional entities more options to diversify their crypto exposure with MINA. We hope it will also increase awareness of institutional use cases for ZK technology, such as zk-KYC credentials that help address compliance without sacrificing user privacy.”
Kurt Hemecker, CEO of the MENA Foundation
Dmitry Tokarev, co-founder and CEO of Copper, commented that cryptocurrencies and blockchain are at a “pivotal moment for institutional adoption.”
Tokarev added that the US Securities and Exchange Commission’s approval of Ethereum exchange-traded funds The May launch and July launch of trading has accelerated interest. As a result, the ecosystem is seeing increasing demand for reliable tools through which institutional investors can gain exposure to cryptocurrencies.
Recent Copper Partnerships
Copper recently partnered with Hedera (HBAR) to expand institutional access to the Proof-of-Stake network’s native token. The integration allows investors to leverage Copper Connect and Hedera protocols like SaucerSwap to participate in the HBAR utility and the Hedera Token Service.
Copper expanded its custody and storage service to Internet Computer (ICP) in July..
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