Digital Asset Custody Provider Copper and TON Expand Partnership with USDT and TON Support

Copper, which claims to be one of the industry’s leading digital asset custodians, today announced the integration of The Open Network (TON), a decentralized and self-governing blockchain network, into its infrastructure.

Access to Tether’s newly launched USDT-TON has now “been fully integrated directly into Copper’s secure platforms.”

Additionally, the collaboration also “includes built-in support of Tether tokens.”

This integration of the TON blockchain “further bolsters accessibility for institutional investors to securely custody and stake their TON assets directly on the Copper Platform.”

Dmitry Tokarev, CEO at Copper.co, said:

“We’re excited to become a leading digital asset custodian for TON. This collaboration is a great addition to further our shared commitment to comprehensive access and institutional adoption in the Web3 landscape.”

As noted in the update, the Open Network (TON) is described as “a global, decentralized blockchain community focused on putting crypto in every pocket.”

By building the Web3 ecosystem in Telegram Messenger, TON’s vision is “to empower 500 million users to own their digital identity, data, and assets by 2028.”

Since being founded in 2018, Copper has been “building the standard for institutional digital asset infrastructure with a focus on custody and collateral management.”

Underpinned by multi-award-winning technology, Copper has “built a comprehensive and secure suite of products and services required to safely custody and trade digital assets.”

At the core of Copper’s infrastructure is ClearLoop, which enables clients “to manage collateral and settle trades in near real time across multiple exchanges, while mitigating counterparty risk and increasing capital efficiency.”

As reported recently, custodian Copper.co and “trusted” third party Nemean Services announce that they have upgraded their insurance protection for digital assets in cold storage.

Building on the $500m of cover already in place, one of the largest limits in existence, cover has now been extended to include the risk of collusion– “a crucial concern when utilizing trusted third parties for private key security – in this case between Copper.co and Nemean Services.”

Cover has been arranged “by Aon, a global professional services firm.”

In what is believed to be the first arrangement of this kind, Copper and Nemean Services’ insurance policies “have been interlinked.”

This means that clients using Copper’s MPC-enabled segregated vaults “are safeguarded against collusion risks involving any combination of Copper, Nemean Services, and their institutional clients.”


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