Copper, a digital assets custody, collateral management and prime services provider, has partnered with Ondo Finance.
Copper’s multi-party computation (MPC) custody “allows clients to securely hold money-market fund tokens, including support for two of Ondo Finance’s flagship tokenized US Treasuries products, OUSG and USDY.”
Ondo Finance has built upon the innovation of stablecoins with USDY, which aims to provide the “accessibility, utility, and privacy of stablecoins while offering an attractive yield and truly institutional-grade investor protections.”
OUSG caters to accredited and institutional investors worldwide, providing straightforward “exposure to short-term US Treasuries, paired with 24/7 mint and redemption capabilities for anytime liquidity.”
Ben Lorente, Strategic Alliances Director at Copper said:
“Through our strategic partnership with Ondo Finance, we’re excited to extend custody support for tokenized money-market funds including Ondo Finance’s USDY and OUSG tokens.”
Oya Celiktemur, Sales Director at Ondo Finance said:
“For OUSG and USDY holders, this partnership means a reinforced layer of protection that aligns with the highest compliance and regulatory standards. Copper’s track record in serving global financial institutions ensures that tokenized Treasuries can be integrated seamlessly into existing workflows.”
Ondo Finance and Copper share the vision of creating “robust, user-friendly infrastructure for institutional finance in the digital asset space, empowering clients to confidently embrace next-generation opportunities without compromising on oversight or risk management.”
As noted in the update, Ondo Finance is a blockchain technology company.
Its mission is to accelerate the transition to “an open economy by building the platforms, assets, and infrastructure that bring financial markets onchain.”
Since being founded in 2018, Copper.co has been “building the standard for institutional digital asset infrastructure with a focus on custody and collateral management.”
Underpinned by innovative 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.”
