Copper, an enabler of digital asset custody, collateral management, and prime services, is announcing a partnership with Astro Labs, a financial infrastructure firm with a cross-chain bridge and stablecoin built on Arweave and aoComputer (AO) ecosystem.
Through this partnership with Astro, Copper’s MPC tech will be used to protect Quantum’s users’ locked assets “when bridging into the AO ecosystem through Copper’s infrastructure.”
Earlier this year, Copper built custody support for tokens on the AO network, which is the “compute layer on top of Arweave.”
Now with Quantum live, the collab between Astro and Copper brings institutional infrastructure to the AR and AO ecosystem, with custodial support for the tokens built on the AO network which is “enhancing the accessibility and adoption for institutional investors.”
Kadar, CEO at Astro Labs said:
“Astro’s partnership with Copper came together seamlessly as our visions for security and trust align. Copper has been a steadfast supporter of the Arweave ecosystem and is now extending its expertise to the AO network. Their cutting-edge MPC infrastructure enables secure cross-chain liquidity, which is instrumental for assets, such as Q Arweave (qAR) and USDA, the native stablecoin of AO.”
Alex Maslin, Business Development Director at Copper said:
“Collaborating furthers ease of access and allows clients to leverage their Arweave holdings within the AO ecosystem while maintaining the benefits of being integrated into Copper’s custody.”
As noted in the update, Astro Labs is building the native stablecoin on Arweave and AO.
They are creating a new path to bring liquidity “to the Arweave and AO ecosystem.”
Based in London, they are a global team of blockchain, crypto and DeFi professionals.
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 innovative tech, Copper claims that it 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.”