SWARM adopts Copper as preferred digital custodian

Infrastructure provider for the issuance and trading of digital assets, SWARM has picked Copper as its adopted digital custodian.

This is because when combined with Copper’s solution, will provide the institutional grade security necessary for trading of digital securities.

Copper’s technology was designed to secure assets held or managed as well as deliver settlement services through APIs. This will in turn generate subsequent processes for the SWARM (SWM) that are wrapped, to be invested into for more investment opportunities on the platform.

Speaking on the adoption, Dmitry Tokarev, CEO and Founder of Copper, said the Copper presently provides custody for many crypto funds and investors operating a full range of investment approach.

He further noted that, the firm has it as part of its future plans to provide custody for fiat in the nearest future.

Dmitry Tokarev, CEO and Founder of Copper, has commented: “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.”

More so, Co-Founder of SWARM, Philip Pieper, while commenting on the new alliance:

“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.”

In recent times however, Copper has upgraded the security protocols of its custodial service further by adding military grade optical air-gapping.

This feature has so far guaranteed the complete security of an offline repository of asset owners’ sharded keys during the transaction signing process.

Comments (No)

Leave a Reply

Home | About us | Privacy Policy | Terms and Conditions | Advertise | Submit Post