Tokenization platform SWARM selects Copper for crypto custodian

SWARM, an infrastructure provider for the issuance and trading of digital assets, announced today it has selected Copper as its preferred digital custodian. The integration of Copper’s solution will provide the institutional grade security fundamental to the mass market trading of digital securities.

The technology provided by Copper will secure assets held or managed as well as delivering settlement services through APIs, which trigger subsequent processes for the SWARM tokens (SWM) that are wrapped to be invested into for investment opportunities on the SWARM platform.

Copper already offers custody for multiple crypto funds and investors operating a full range of investment strategies. The company also plans on providing custody for fiat in the future.

Last month, the Copper team updated the security protocols of its custodial service by adding military-grade optical air-gapping. This enhancement ensures the complete security of an offline repository of asset owners’ sharded keys during the transaction signing process.

[perfectpullquote align=”full” bordertop=”false” cite=”Philipp Pieper, Co-Founder of SWARM” link=”” color=”” class=”” size=””]“The integration between Copper and SWARM is a great fit due to the compatibility of our technologies as well as our teams. Copper provides the level of institutional grade security and convenience that is absolutely essential for the adoption of digital securities by institutional investors and the retail market. Philosophically, we have found in Copper a team who are committed to the growth of a broad ecosystem for digital securities, who share our innovative spirit, and who know that we will all get further, faster when we build together.”[/perfectpullquote]

[perfectpullquote align=”full” bordertop=”false” cite=”Dmitry Tokarev, CEO and Founder of Copper” link=”” color=”” class=”” size=””]“SWARM is at the forefront of the emerging security token investment industry and we are excited to enable its vision. Although the crypto industry is evolving rapidly, it still needs large institutional involvement before the space can fully-mature. This cannot be achieved without proper custody solutions ensuring assets are secure alongside solutions that help institutions easily navigate the industry. The partnership between SWARM and Copper puts us at the forefront of developing the infrastructure for financial services 2.0.”[/perfectpullquote]