Copper.co, one of the topmost leaders in providing services for digital custody, has brought EGLD and other assets in token form into their ambit. This implies that the assets of Elrond Blockchain will be secured by the highly fortified custody and settlement services for assets provided by Copper.
Copper’s custody solution has garnered numerous accolades for its outstanding performance. It makes use of the MPC (Multi-Party Computation) technology for providing security. In fact, Copper‘s facilities are now availed by more than forty crypto exchanges, two hundred and fifty digital assets, and more than three hundred managers of institutional assets.
This strategic partnership between Elrond and Copper will open up wider avenues for a number of clients and stakeholders such as institutional players, cryptocurrency exchange platforms, managers of hedge funds, trading platforms, and other shareholders in the market. They will gain protected and verified flexible access to the highly functional Elrond Network’s blockchain technology that emits minimum carbon footprint and is prepared for large-scale enterprises, and the cryptocurrency EGLD powered by Elrond augmenting the EGLD price forecast.
Beniamin Mincu, the CEO of Elrond Network, said that it was imperative to formulate world-class custody services for digital assets to accommodate the increasingly developing Elrond ecosystem for more clients, locations, and new markets. They believe that the internet-scale blockchain will gain a new momentum of traction with Copper as the security provider for Elrond’s digital assets.
Alex Ryvkin, Copper.co’s Chief Product Officer, reiterated the same and said that their portfolio has been expanded to accommodate integrated technologies like Elrond Network, noted for being carbon-negative. Copper will be able to consolidate its assurance to customers to provide safe and tamper-proof access to digital assets which are sustainable.