Copper.co, a key player focused on digital asset custody, collateral management, and prime services, has partnered with CRYMBO, an orchestration platform which unifies fragmented TradFi, CeFi & DeFi infrastructure.
CRYMBO uses a single API to connect to ecosystems serving as a crypto gateway under the secure custody of Copper.
The partnership combines CRYMBO’s orchestration platform with ClearLoop, Copper’s innovative institutional-grade technology, which is set to considerably enhance operational efficiency and collateral mobility, while also “mitigating counterparty risks” that are typically associated with digital asset management for institutional clients.
Eyal Daskal, the Founder and CEO at CRYMBO, has shared that this collaboration marks a significant milestone for CRYMBO and Copper, allowing them to combine strengths in technology and operations to offer services within the digital asset ecosystem.
They added that by integrating providers like Copper, they are delivering tech to their clients and strengthening their solution.
As mentioned in the announcement, CRYMBO is an orchestration platform that unifies fragmented TradFi, CeFi, and DeFi infrastructure with a single API.
The solution optimizes digital asset operations, catering to institutional investors, investment houses, hedge funds, exchanges, banks, EMIs, and payment service providers.
Prioritizing cost efficiency and time-to-market, CRYMBO offers institutional clients a significant advantage by “reducing integration and reconciliation costs and timelines.”
As explained in a blog post by Copper.co, this enables them to “allocate resources more effectively,” directing their efforts towards revenue-generating activities with enhanced agility.”
Since being founded in 2018, Copper has been building the “standard” for institutional digital asset infrastructure with a strong focus on digital asset custody and collateral management.
Underpinned by innovative tech, Copper has built 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 a number of exchanges, while also effectively “mitigating counterparty risk and increasing capital efficiency.”
