Institutional blockchain asset custody and prime brokerage firm, Copper, today announced support to the trade finance-focused blockchain network XinFin. Their bespoke custody solution will facilitate XinFin and TradeFinex’s institutional and crypto hedge fund customers to store native digital asset token XDCe.
Copper provides support for XDCe across its institutional hot and cold wallet solutions. All digital assets supported by Copper are integrated using the company’s single API, no additional coding is required for clients to add XDCe. The firm’s walled garden now covers 96% of global crypto liquidity and is seeing over £500 million in transactions each month – with that figure growing steadily.
Ritesh Kakkad, Co-founder at XinFin and TradeFinex, added:
“In 2020, appropriate custody services are the most critical element for institutional adoption of digital assets. With Copper’s custodial services now available for XDCe, regulated institutions like banks, crypto hedge funds and financial entities will have a secure solution to store their digitized XDCe holdings. Copper is also planning to provide support for XinFin’s primary chain coin XDC in the near future.”
Dmitry Tokarev, CEO of Copper, commented:
“The XinFin Network is one of the most enterprise-friendly blockchain networks ever created, and we’re proud they have chosen Copper for their institutional digital asset custody.”
“Institutions need a lot more than an app with pretty charts. They need proper security, which includes technology, insurance, people, and business processes – as well as exceptional client service. We’re proud to have earned XinFin’s trust and their business.”