Copper Integration Affirms Hedera Network As An Institutional DeFi Leader

We’re excited to announce a new integration with Copper.co, a leader in digital asset custody, collateral management, and prime services, bringing a trusted partner to HBAR custody, staking, and DeFi transactions.

For anyone new to our community, HBAR underpins network activity by powering dApp and DeFi ecosystems, settling transaction fees, and securing the network through proof-of-stake consensus.

The resulting security, cost efficiency, and speed of HBAR and supporting elements of Hedera network’s bleeding edge tech stack has made it the web3 network of choice for institutions - like abrdn ($560B) and RedSwan ($5B) - that manage high value portfolios of digital assets. 

Integrating HBAR with Copper's award-winning institutional-grade technology affirms the Hedera network’s standing as a prime destination for institutional DeFi by adding new layers of trust and peace of mind when dealing in digital assets on a large scale.

COPPER SERVICES ON HEDERA

• Institutional Custody
  Copper will provide custody services for the HBAR and tokens following the Hedera Token Service (HTS) standard. As part of the integration, clients will be able to stake their Hbar to validators of their choosing, and perform DeFi transactions from Copper’s MPC wallet infrastructure, via API and Copper’s DeFi platform Copper Connect.
  
  
• Institutional Trading And DeFi
  Pending client demand, HBAR will also be available for trading via ClearLoop, Copper’s off-exchange settlement solution which provides secure digital asset custody to institutional clients while mitigating counterparty and insolvency risk.

Here’s what Copper’s CEO, Dmitry Tokarev had to say about integrating with the Hedera network: "This is a valued partnership for us, and the full development stack integration is further testament to our shared commitment to providing robust custody solutions to institutional participants in the digital asset space."

Our goal is to ensure that the Hedera network has everything available to be everyone’s prime spot for DeFi - and in addition to our ongoing efforts for our retail community - this integration with Copper is another signal of our dedication to the goal.