Copper, a key player in digital asset custody and collateral management, has teamed up with Figment, a specialist in staking infrastructure, to improve institutional staking offerings.
This partnership allows Copper’s institutional clients to securely stake their assets while gaining rewards across various blockchain networks such as Ethereum (ETH), Solana (SOL), and Polkadot (DOT).
As institutional investors seek to utilize staking as a means to earn passive income from their crypto assets while ensuring security and compliance, this collaboration comes at an opportune moment.
By merging Figment’s staking capabilities with Copper’s custody services, clients can stake their assets confidently without sacrificing protection or regulatory compliance.
Safe staking environment
The alliance fuses Copper’s advanced multi-party computation custody with Figment’s in-depth staking knowledge, creating a secure and regulated staking environment for clients.
Backed by SOC 2 Type II and ISO 27001 certifications, Figment’s infrastructure adheres to stringent security standards. Moreover, their risk mitigation strategies safeguard against double signing, downtime, and missed rewards.
“This collaboration provides a safe staking infrastructure with the opportunity to earn tangible rewards,” stated Ben Lorente, Strategic Alliances Director at Copper.
Ben Spiegelman, VP of Corporate Development at Figment, emphasized that the collaboration equips institutional clients with “the strong security measures necessary” for confident participation in staking.
On February 11, Copper unveiled a blockchain-based platform intended to revolutionize the digital asset lending landscape by incorporating elements of traditional finance. This financing solution addresses challenges related to limited visibility, rigidity, and slow settlement times.