Hedera has teamed up with London-based crypto custodian Copper to expand institutional access to HBAR tokens, providing enhanced custody and staking services and a direct on-ramp to Hedera’s DeFi ecosystem.
Points
- Copper will offer custody and staking services for Hedera’s HBAR tokens.
- Institutional investors gain streamlined access to the Hedera ecosystem.
- Copper’s ClearLoop network will integrate HBAR, sourcing liquidity from major exchanges.
- The partnership aims to boost institutional participation in Hedera’s asset tokenization initiatives.
Hedera, a leading decentralized network utilizing a unique hashgraph algorithm, has announced a strategic partnership with London-based cryptocurrency custodian Copper to broaden institutional access to its native HBAR tokens. This collaboration is set to significantly enhance the custody, staking, and overall accessibility of HBAR for large-scale investors, which could drive a surge in institutional adoption of the Hedera network.
Copper, known for its advanced security features, including multi-party computation （MPC） technology, will provide a robust custody solution for HBAR, ensuring secure storage and management of the tokens. In addition, Copper’s ClearLoop settlement network, which sources liquidity from a diverse array of exchanges like Bybit, Deribit, Kraken, and OKX, will now support HBAR, further integrating the token into the broader crypto market infrastructure.
Institutional investors will also benefit from Copper’s staking services, enabling them to participate in Hedera’s proof-of-stake network, which has attracted blue-chip names like Google, FIS, Abrdn, and Dell. This move is expected to bolster Hedera’s position in the rapidly growing field of asset tokenization, where it has already seen significant traction, including the recent issuance of a BlackRock Treasury fund on its network by blockchain firms Archax and Ownera.
Moreover, Copper’s partnership with Hedera extends beyond custody and staking. Copper Connect, a risk management tool tailored for institutional investors, will facilitate access to various DeFi protocols, such as Aave, thereby providing a seamless gateway into the Hedera DeFi ecosystem.
Given the increasing institutional interest in blockchain technologies and asset tokenization, this partnership between Hedera and Copper could prove to be a game-changer. By integrating with Copper’s established infrastructure and security protocols, Hedera is poised to attract more institutional participants, further solidifying its role in the future of decentralized finance.
解説
- Institutional Adoption: Copper’s integration with Hedera is a strategic move to attract institutional investors by providing them with the necessary tools and infrastructure to securely manage and stake HBAR tokens.
- Asset Tokenization: Hedera’s focus on asset tokenization, supported by its secure and efficient network, positions it as a strong contender in the emerging digital asset market.
- Security and Compliance: Copper’s use of MPC technology ensures high levels of security and compliance, which are critical for institutional participants in the crypto space.