Stacking DAO Teams Up with Copper, a Digital Asset Custody Provider

Stacking DAO, the liquid staking platform on the Stacks blockchain, has forged a partnership with Copper, a digital asset custody, collateral management and prime services provider.

Stacking DAO offers users the ability “to partake in Stacks consensus staking rewards while simultaneously engaging in diverse DeFi strategies across the Stacks ecosystem.”

With stSTX as its flagship liquid staking token, Stacking DAO has “garnered wide acclaim for its flexibility and productivity in enabling DeFi participation on the Stacks network.”

On the other end of this collaboration stands Copper, reportedly known “for its comprehensive suite of services encompassing custody, wallet infrastructure, ClearLoop, Agency Lending, staking, and other innovative digital asset solutions.”

“Trusted” by institutional clients , Copper’s expertise in “secure asset storage and digital asset operations has set industry benchmarks for excellence and reliability.”

This alliance between Stacking DAO and Copper “marks a significant step in addressing the needs of institutional investors and large digital asset holders seeking robust custody solutions for their stSTX holdings.”

By integrating the custody of stSTX within Copper’s platform, this partnership “offers a secure and seamless experience for managing digital assets, enabling institutional clients to navigate the complexities of the digital asset landscape with heightened efficiency and peace of mind.”

Dmitry Tokarev, CEO of Copper said:

“Through our continued partnership with Stacking DAO, Copper will be the institutional custodian for stSTX, contributing to the broader growth of connectivity and empowering institutional clients to securely and efficiently custody and trade the stSTX token,” 

As the digital asset ecosystem continues to evolve, collaborations “like the one between Stacking DAO and Copper exemplify the industry’s commitment to fostering innovation and reliability for institutional investors.”

This strategic partnership not only streamlines “the custodial experience for holders of stSTX but also sets a standard for collaborative ventures that prioritize security, accessibility, and growth within the digital asset space.”

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 across multiple exchanges, while mitigating counterparty risk and increasing capital efficiency.”

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