Copper, a firm focused on digital asset custody, collateral management, and prime services has integrated the Lido protocol, a liquid-staking middleware for Ethereum.
Building on Copper’s stETH custody capabilities, this integration enhances Copper’s offering by enabling clients to “stake Ether (ETH) and receive stETH directly within Copper’s environment.”
Via this integration, Copper’s institutional clients will be able to participate in Ethereum staking via the Lido protocol middleware, “combining staking rewards whilst also benefiting from Copper’s comprehensive suite of 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 also mitigating counterparty risks associated with digital asset management for institutional clients.”
By taking advantage of the Lido middleware, within Copper’s institutional-grade platform, clients can “integrate staking into their broader asset strategies with ease.”
Clients can now use stETH as collateral across ClearLoop-supported exchanges, including OKX, Bybit, and Deribit, enhancing “liquidity options while maintaining Copper’s institutional-grade security standards.”
Ben Lorente, Strategic Alliances Director at Copper commented:
“We’re thrilled to be integrating with Lido. Our clients can leverage Lido’s liquid-staking middleware with Copper’s multi-award-winning MPC technology, ensuring assets are protected whilst benefiting from liquid-staking which simultaneously addresses issues of security and liquidity.”
Kean Gilbert, Institutional Relations Contributor to Lido DAO said:
“This integration transforms how institutions participate in Ethereum staking. Combining Copper’s institutional infrastructure with Lido protocol’s liquid staking technology eliminates the operational hurdles that institutional stakers have faced.”
As noted in the update, Lido Institutional represents a group of contributors focused on advocating for the “use of Lido protocol’s open-source, liquid staking middleware by non-retail users.”
Lido middleware provides a way to “participate in the blockchain network validation process and get staking rewards for this activity.”
With a mission to democratize staking, Lido middleware lets users connect with “node operators and stake their digital assets without the need to individually maintain hardware.”
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 has built a suite of products and services required to “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.”
