Leading Digital Custody Services Provider Copper.co Supports EGLD Token And Elrond Blockchain Assets
Elrond $EGLD is now fully integrated with leading digital custody provider Copper.
Copper will foster a robust and compliant bridge between institutional players and Elrond’s high throughput, lost-cost, carbon-negative blockchain technology.
Through the collaboration, the two partners will create the opportunity for institutional players, fund managers, exchanges, trading avenues, and other market actors to get safe, secure, and compliant access to the enterprise-ready capabilities of the high throughput, low cost, carbon-negative Elrond Network blockchain technology, and EGLD, the digital currency underpinning it.
Beniamin Mincu, Elrond Network CEO, said: “Best in class digital asset custody services are essential for making the rapidly expanding Elrond ecosystem accessible to more institutional actors, markets, and geographies. With Copper as a robust custodian for assets on the Elrond Network, a new growth chapter is ready to begin for the internet-scale blockchain.”
Alex Ryvkin, Chief Product Officer, Copper.co, said: “By expanding our portfolio of integrated technologies to include the highly innovative and carbon-negative Elrond Network, we reaffirm our commitment towards our customers to enable safe, secure, and transparent access and control over the most innovative and sustainable digital assets.”
About Elrond
Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.
About Copper
Founded in 2018 by Dmitry Tokarev, Copper provides a gateway into the crypto asset space for institutional investors by offering custody, prime brokerage, and settlements across 250 digital assets and more than 40 exchanges. It is committed to providing flexible solutions for institutional investors that can adapt to the changing crypto asset space while enabling far greater transparency and control for asset managers.
Copper’s fully integrated products are unique in the crypto asset space. Underpinned by multi-award-winning custody, Copper has built the comprehensive and secure suite of tools and services required to safely acquire, trade, and store cryptocurrencies, including access to margin lending trading facilities and the DeFi space.
At the core of Copper’s infrastructure is ClearLoop, a framework that connects the universe of exchanges in one secure trading loop — with real-time settlement across the Networks. Integrated with market-leading spot and derivative crypto exchanges, ClearLoop has already transformed the way in which institutional investors can engage in the crypto asset space since launching in May 2020.
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