Algorand is looking beyond Copper’s safe-keeping provisions to explore the custodian’s ClearLoop system of instant asset exchange and settlement.
The digital asset custodian says revenue and client growth tripled in the last quarter.
The integration will let investors make deposits and withdrawals more quickly, as well as mitigate counterparty risk.
MicroStrategy’s approach has got the Association of Corporate Treasurers and IKEA thinking.
The new tool, CopperConnect, covers the "DeFi lifecycle" as an asset moves from custody to smart contract and back.
The service allows institutional investors to securitize a range of crypto-based products, from token trackers to complex trading strategies.
Crypto custodian Copper is joining the Official Monetary and Financial Institution Forum's new think tank to discuss how central banks are evaluating digital currencies.
Crypto custodians are in a race to build the next State Street or BNY Mellon.
Copper's ClearLoop tool lets two parties finalize all details of a trade before transferring the seller's assets to the buyer's possession, rather than force the seller to store these assets on an exchange.
Copper uses its "Walled Garden" infrastructure to allow clients to trade crypto assets more securely from custody.