BCB Group, one of the providers of payment and trading services for the digital economy, announced a partnership with Copper, a provider of digital asset custody, prime services and collateral management. The partnership will see BCB Group facilitate on- and off-ramping for digital and fiat currency payments for Copper clients. Meanwhile, Copper aims to support BCB clients, providing settlement for institutional stakeholders.
Ben Lorente, Strategic Alliances Director at Copper, stressed that the importance of working cooperatively with partners with high standards of technical compliance to deliver frictionless services.
Oliver Tonkin, Chief Executive Officer at BCB Group, said that together, BCB Group and Copper.co are making it easier for institutions to move between cash and crypto.
As noted in the update, BCB Group is a provider of “regulated” payment, wallet and trading services in crypto as well as fiat for the digital economy.
They provide accounts, crypto and FX market liquidity for some of the world’s cryptocurrency-focused businesses, including crypto exchanges, liquidity providers, market makers, investment companies, custodians, payment processors as well as wallet providers.
Established back in 2018, Copper.co has been building what it claims is the standard for institutional digital asset infrastructure with a focus “on custody and collateral management.”
Underpinned by digital technology, Copper has built a suite of products and services required to custody and trade digital assets. Copper Network is the institutional gateway to the digital asset ecosystem, offering clients “integrated connectivity to hundreds of leading market participants through a single platform.”
At the core of Copper’s infrastructure is ClearLoop, which enables clients to manage collateral and “settle trades in near real-time across multiple exchanges while mitigating counterparty risk and increasing capital efficiency.”
In another recent update, it was noted that mETH Protocol partnered with Copper. Digital assets firm Copper now provides custody for mETH, the Ethereum-native liquid staking token.
With Copper’s support, institutions are able to hold and manage mETH while accessing its native yield and allocate it as collateral across trading, restaking, and treasury strategies.
Copper provides MPC-secured custody and connectivity to various exchanges, supporting infrastructure across trading, settlement, and treasury operations, allowing institutions to take part in tokenized yield strategies and allocate capital across on-chain markets.
Lorente said that they are seeing increased interest from clients building “scalable” yield, and the addition of mETH indicates demand for liquid staking assets.
Since 2023, mETH gained traction across DeFi and exchange platforms. It is integrated on venues like Bybit and Kraken, supported by validator partners such as A41, and P2P, and featured in offerings like Bybit Earn.
These milestones indicate mETH’s function as a “composable” DeFi-native token and a core ETH access point for yield strategies. mETH is also embedded in DAO as well as corporate treasury frameworks, such as NounsDAO allocations and Mantle Treasury holdings, establishing it as an instrument for restaking, structured yield, as well as capital deployment.
Copper’s custody support extends mETH’s reach, offering a channel for funds as well as institutions to participate in Ethereum-native yield.