Copper, a leading provider of digital asset custody and collateral management services, has recently teamed up with Figment, a staking infrastructure provider, to offer enhanced staking options for institutional clients. This partnership allows Copper’s clients to securely stake assets and earn rewards on various blockchain networks, including Ethereum, Solana, and Polkadot.
Institutional investors are increasingly turning to staking as a way to generate passive income on their cryptocurrency holdings while ensuring security and compliance. By integrating Figment’s staking services with Copper’s custody solutions, clients can stake assets without compromising asset protection or regulatory requirements.
The collaboration between Copper and Figment combines Copper’s multi-party computation-based custody with Figment’s expertise in staking, providing clients with a secure and regulated environment for staking. Figment’s staking infrastructure is supported by SOC 2 Type II and ISO 27001 certifications, ensuring high-security standards. Additionally, risk mitigation measures are in place to protect against double signing, downtime, and missed rewards.
Ben Lorente, Strategic Alliances Director at Copper, commented on the partnership, stating that it delivers a secure staking infrastructure that allows clients to earn tangible rewards. Ben Spiegelman, VP of Corporate Development at Figment, emphasized that the partnership provides institutional clients with the robust infrastructure security measures they require to participate in staking confidently.
In addition to the partnership with Figment, Copper recently launched a blockchain-based platform aimed at revolutionizing the digital asset lending market by integrating traditional finance. This financing solution addresses key issues such as limited visibility, inflexibility, and slow settlement times.
Overall, the collaboration between Copper and Figment represents a significant step forward in offering institutional clients secure and rewarding staking options. With a focus on security, compliance, and innovation, Copper continues to lead the way in providing cutting-edge solutions for the digital asset industry.