Crypto Portfolio Management Platform for Institutions Copper.co Offers Custody Solution

Copper.co is now offering a custody solution for institutions investing in digital assets. The crypto portfolio management platform says it is offering the “industry’s first server less” co-sign custody solution. Copper management says it expands the crypto market by making transactions safer and less prone to error and risk.

Dmitry Tokarev, CEO of Copper, says that finally the cryptocurrency market is viable for institutional investors. Their service removes the security risk of a single point of failure which is something that is creating friction for large investors.

“Built on the same protocols used by the National Security Agency to encrypt their communications, Copper now offers the most secure storage environment on the market,” Tokarev explained.

Users of their custody solution will require two of their three nominated key holders to approve the transaction. Offline co-signing is enabled using an encrypted copper key file. With multiple users required to complete a withdrawal, Copper Unlimited uses advanced server-less encryption technology to remove the risk associated with online sharding, private key re-configuration, and private key management.

Copper currently secures the five largest cryptocurrencies by market cap but expects to add more digital assets at a rate of four new ones per month.

Beta testing is said to be in place until the end of August.

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