Copper, a leading provider of digital asset custody and collateral management, has announced a partnership with Figment, a prominent staking infrastructure provider. This collaboration aims to enhance institutional staking options, enabling secure and efficient staking for institutional clients across multiple blockchain networks, including Ethereum (ETH), Solana (SOL), and Polkadot (DOT).

Empowering Institutional Staking

As institutional investors increasingly look to staking as a way to generate passive income from their cryptocurrency holdings, the need for secure and compliant solutions has grown. The integration of Figment’s staking services with Copper’s trusted custody platform addresses these needs, allowing institutions to stake assets without compromising on security or regulatory compliance.

By leveraging this partnership, clients can earn rewards while maintaining robust asset protection. The move is particularly relevant as more organizations explore blockchain-based opportunities to diversify their investment strategies.

Secure Staking with Advanced Technology

The partnership combines Copper’s multi-party computation (MPC)-based custody technology with Figment’s comprehensive staking expertise. This synergy creates a highly secure and regulated staking environment that mitigates risks such as double signing, downtime, and missed rewards.

Figment’s infrastructure adheres to stringent security standards, backed by SOC 2 Type II and ISO 27001 certifications. This ensures institutional clients can trust the platform to deliver a reliable staking experience with a focus on security and regulatory adherence.

“This collaboration delivers a secure staking infrastructure with the potential to earn tangible rewards,” said Ben Lorente, Strategic Alliances Director at Copper.

Ben Spiegelman, VP of Corporate Development at Figment, also emphasized the importance of the partnership, noting that it provides institutions with the robust infrastructure needed to participate in staking with confidence.

New Innovations from Copper

In addition to this partnership, Copper has been actively expanding its services to meet the evolving needs of institutional clients. On February 11, the company launched a blockchain-based platform designed to reshape the digital asset lending market. This platform integrates traditional finance with blockchain technology to address challenges such as limited visibility, inflexibility, and slow settlement times.

Key Benefits of Copper and Figment’s Collaboration

  • Enhanced Security: Copper’s MPC-based custody and Figment’s certified infrastructure ensure a secure staking environment.
  • Regulatory Compliance: The partnership provides a solution that adheres to industry regulations, making it ideal for institutional investors.
  • Risk Mitigation: Measures like protection against double signing and downtime safeguard client assets and staking rewards.
  • Streamlined Integration: Clients can easily stake assets without compromising on asset protection or operational efficiency.

This partnership represents a significant step forward in offering scalable, secure, and compliant staking solutions for institutional clients. As the cryptocurrency market continues to evolve, collaborations like this are essential in bridging the gap between traditional finance and blockchain technology.

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