Copper adds support for token standards on the Internet Computer Blockchain

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As a seasoned crypto investor who has been closely following the developments in the blockchain and DeFi space, I am thrilled about Copper’s latest collaboration with the DFINITY Foundation. Having experienced the challenges of managing multiple digital assets across various networks, this partnership comes as welcome news.

Copper, a digital asset custodian, has enhanced its collaboration with the DFINITY Foundation.

Institutions can now handle and safeguard digital assets, including the multi-chain counterpart of Bitcoin named ckBTC, along with other tokens like ckETH and ckUSDC, using this new development. It also offers secure custody and staking options for Internet Computer (ICP) assets on Copper’s platform to institutional investors.

Through this collaboration, we gain entry to the Service Nervous System (SNS) and Internet Computer Request for Comments (ICRC) token specifications, signaling a significant milestone in the institutional engagement with the ICP (Internet Computer Protocol) ecosystem.

Blockchain interoperability

With Chain Fusion technology, ICP smart contracts can seamlessly communicate and transact business with prominent blockchain platforms like Bitcoin (BTC) and Ethereum (ETH), expanding their reach and functionality.

In the realm of decentralized finance (DeFi) and Web3 technology, this marks a significant step forward. It interacts seamlessly with well-known applications, such as OpenChat, Dragginz, and ELENA AI, enhancing their functionality.

Marcos Benitez, Copper’s Sales Head in Switzerland, showed great excitement regarding the upcoming integration. He emphasized that Copper would play a significant part in improving access to essential capital within the ecosystem.

As a dedicated researcher in this field, I am thrilled to announce that with this latest advancement, we expect to make it easier for the Swiss and global Web3 ecosystem to tap into essential capital resources. This includes securing funds, venture capital investments, and exchange listings. My team and I remain fully committed to strengthening both the Swiss and global Web3 communities, and we eagerly look forward to more progress and groundbreaking innovations in this vibrant and ever-evolving space.

Copper’s collaboration comes after Valour Inc. introduced its ICP exchange-traded product (ETP), with Copper designated as the custodian. This alliance signifies a dedication to fostering innovation and broadening the digital asset infrastructure, offering institutions secure and dependable services for navigating the rapidly changing terrain of decentralized finance.

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2024-07-19 17:06