Swarm, an infrastructure provider for the issuance and trading of digital assets, has decided to use Copper as its preferred digital asset custodian.
In a release, Swarm said the integration of Copper’s solution will provide the institutional grade security fundamental to the mass market trading of digital securities.
Copper’s technology will secure assets held or managed as well as delivering settlement services through APIs.
Copper says it already provides custody for multiple crypto funds and investors operating a full range of investment strategies. Copper also plans on providing custody for fiat in the future.
Philipp Pieper, Co-Founder of SWARM, said the integration between Copper and Swarm is a great fit due to the compatibility of their technologies as well as their teams.
“Copper provides the level of institutional grade security and convenience that is absolutely essential for the adoption of digital securities by institutional investors and the retail market. Philosophically, we have found in Copper a team who are committed to the growth of a broad ecosystem for digital securities, who share our innovative spirit, and who know that we will all get further, faster when we build together,” said Pieper.
Dmitry Tokarev, CEO and Founder of Copper, said the crypto industry is evolving rapidly, but it still needs large institutional involvement before the space can fully-mature:
“This cannot be achieved without proper custody solutions ensuring assets are secure alongside solutions that help institutions easily navigate the industry. The partnership between SWARM and Copper puts us at the forefront of developing the infrastructure for financial services 2.0”.
