AllUnity, a regulated e-money institute and issuer of the euro-backed stablecoin EURAU, announced a partnership with Copper, a key player focused on digital asset custody, prime services and collateral management. Under this collaboration, Copper will support EURAU, AllUnity’s euro-backed stablecoin, in its platform.
Via the collab, EURAU will be made available “on Copper’s platform, enabling institutional clients to store, manage, and transact with the euro stablecoin.”
Alexander Höptner, CEO of AllUnity said that working cooperatively with Copper reinforces their commitment to providing “accessible digital asset infrastructure.” They added that in “bringing EURAU to Copper’s platform, we aim to expand institutional access to the regulated, fully reserved euro stablecoin across Europe and beyond,”
Copper Network is the institutional gateway “to the digital asset ecosystem, offering clients integrated connectivity to hundreds of assets like EURAU through a single platform.”
ClearLoop is a part of Copper Network that provides access to a network of exchanges and enables clients to “mitigate counterparty risk in trading and settlement whilst enhancing capital efficiency.” Activities like trading, settlement, staking, borrowing, and lending can “take place using Copper’s secure Multi-Party Computation (MPC) custody.”
By leveraging Copper’s custody infrastructure, AllUnity aims to “provide institutions with secure and scalable infrastructure for engaging with EURAU.”
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 digital technology, Copper has built a comprehensive and secure suite of products and services “required to safely custody and trade digital assets.”
Copper Network is the gateway to the digital asset ecosystem, offering clients integrated connectivity to 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.”
As noted in the update, AllUnity is said to be building Europe’s digital payments infrastructure and issuing a regulated, Euro-denominated stablecoin meant to enable digital asset markets and international commerce.