Copper Partners with Core, Offering Custody and Staking Support for Institutions

General

The
Core
Foundation,
contributors
to Core,
a
Bitcoin-powered
blockchain
unlocking
EMV-Compatible
BTCfi
beginning
with
the
first
ever
implementation
of
Non-Custodial
BTC
Staking,
today
announced
it
has
entered
into
a
strategic
partnership
with
Copper,
a
leader
in
digital
asset
custody,
collateral
management
and
prime
services.
Copper
will
support
the
CORE
token
and
staking
activities.

Since
being
founded
in
2018,
Copper
has
been
building
the
standard
for
institutional
digital
asset
infrastructure
with
a
focus
on
custody
and
collateral
management.
At
the
core
of
Copper’s
infrastructure
is
ClearLoop,
which
enables
clients
to
manage
collateral
and
settle
trades
across
multiple
exchanges,
while
mitigating
counterparty
risk
and
increasing
capital
efficiency. Copper’s
infrastructure will
support
the
CORE
token
and
staking,
allowing
Bitcoin
and
CORE
to
be
staked
directly
from
a
custodial
account,
further
mitigating
counterparty
risk.
Thus,
this
partnership
is
a
key
step
for
Core
in
offering
Non-Custodial
BTC
Staking
to
the
institutional
market.

“The
institutional
market
especially
is
looking
at
new
ways
to
maximize
their
Bitcoin
investment
and
yield
through
a
mechanism
like
the
Non-Custodial
BTC
Staking
offered
by
Core.
We
couldn’t
ask
for
a
better
partner
than
Copper
to
help
us
in
presenting
a
safe
and
secure
means
of
providing
this
kind
of
investment
to
the
institutional
market,
while
also
helping
us
to
optimize
the
staking
process,”
said
Rich
Rines,
Initial
Contributor
to
Core.

Dmitry
Tokarev,
CEO
at
Copper.co
commented,
“Our
new
strategic
partnership
with
Core
contributes
to
the
broader
growth
of
secure
connectivity.
This
integration
further
establishes
institutional
trust
and
provides
our
clients
with
greater
accessibility.”

About
Core

Core
is
aimed
at
unlocking
the
$1.25
trillion
in
trapped
Bitcoin
liquidity,
as
demonstrated
through
its
secure,
yield-bearing
BTC
staking
solutions.
Core
is
dominating
BTCfi
metrics,
establishing
itself
as
one
of
the
top
five
Bitcoin
scaling
chains.
With
over 19
million unique
addresses,
over 260,000 daily
transactions
during
June,
over 4,800
BTC
staked,
and
receiving
over
55%
of
Bitcoin
hash
power,
Core’s
impact
is
undeniable.
Additionally,
100
Dapps
are
live
on
Core,
with
over 70,000 daily
active
users,
solidifying
its
top
5
position
as
of
July
3rd,
according
to
DeFi
Llama.

Core
is
a
Bitcoin-powered
blockchain
unlocking
EMV-Compatible
BTCfi
beginning
with
the
first
ever
implementation
of
Non-Custodial
BTC
Staking
and
the
world’s
first
yield
bearing
BTC
ETP.
Core
is
the
most
Bitcoin-aligned
EVM
blockchain
with
~55%
of
Bitcoin
mining
hash
power
contributing
to
the
Core
network’s
security
and
over 3,800
BTC
natively
staked in
exchange
for
unlocking
Bitcoin
utility
and
rewards.
This
breakthrough
has
amassed
a
massive
Core
community
of
2.3M
Twitter
followers
and
267k
Discord
members
which
has
translated
into
millions
of
Core
adopters
–
over 19M
unique
addresses and
over 260M
transactions since
its
mainnet
launch
in
January
2023.

About
Copper.co

Since
being
founded
in
2018,
Copper
has
been
building
the
standard
for
institutional
digital
asset
infrastructure
with
a
focus
on
custody
and
collateral
management.

Underpinned
by
multi-award-winning
technology,
Copper
has
built
a
comprehensive
and
secure
suite
of
products
and
services
required
to
safely
custody
and
trade
digital
assets.
At
the
core
of
Copper’s
infrastructure
is
ClearLoop,
which
enables
clients
to
manage
collateral
and
settle
trades
across
multiple
exchanges,
while
mitigating
counterparty
risk
and
increasing
capital
efficiency.