Copper, the leading crypto custodian firm, announces the collaboration with Hedera to provide custody support and staking services for its users. Additionally, this integration makes an easy entry for institutional investors into the Hedera ecosystem. Both FinTech firms have shared this exciting news for the users on their official pages and social media accounts.
Copper Will Provide Custody & Staking Servies for Hedera’s HBAR Token
Through this collaboration, Copper will provide the custody and staking services for HBAR tokens. Additionally, it will also create an on-ramp for institutional users to access Decentralized Finance (DeFi) through its Connect and ClearLoop platforms.
Employing this strategic integration, HBAR will be plugged into the ClearLoop settlement network, launched back in 2020. ClearLoop sources liquidity from OTC desks and exchanges like OKX, Kraken, Deribit and Bybit. Hedera’s integration with Copper will enable the users to integrate HBAR tokens to different DeFi protocols i.e., Aave utilizing Copper Connect. Copper Connect is a Google Chrome application specially designed for institutional risk management.
CEO’s Remarks on Copper, Hedera Integrations
Dmitry Tokarev, the Chief Executive Officer (CEO) of Hedera considers this integration highly valuable for both FinTech firms and the crypto community. Moreover, he said that integrating the full development stack shows Hedera’s strong commitment to offering reliable custody solutions for institutional investors in the crypto space. Dmitry shares with the community that Hedera is a one-stop shop and calls it a prime spot for decentralized finance (DeFi).
