19.10.2023 / Press Releases

Multi-custodian off-exchange settlement has arrived, with Copper’s ClearLoop and Komainu Partnership

Komainu, a regulated digital asset custody service provider built by institutions for institutions, and Copper, a pioneer in institutional digital asset solutions, are proud to announce their partnership. This new connectivity will offer Komainu’s institutional clients the ability to trade via Copper’s ClearLoop, creating a market-first partnership and new era for off-exchange settlements.

Through this partnership, Komainu’s clients will benefit from both regulated, on-chain custody provided by Komainu, and access to off-exchange settlement and rapid settlement times of up to T+4 hours through ClearLoop. Clients will benefit from bankruptcy-remote protection across the structure and trade lifecycle.

As the industry matures and institutional adoption rises, Copper is taking some of the tried and tested best practices from traditional markets in an effort to meet the growing demand of clients to diversify counterparty risk and meet the increased demand of investors. Since 2020, Copper’s ClearLoop product has been mitigating counterparty risk in partnership with exchanges, prime brokers, and now in partnership with Komainu - subject to legal documentation being finalised.

Both Komainu and Copper are committed to building the highest standard of digital asset safety without compromise. We’re very proud of this partnership, as we collaboratively forge the future of financial markets infrastructure.

“Together with Copper, we are bringing tried and tested best practices and infrastructure from traditional markets to meet the growing demand of digital asset participants to diversify counterparty risk,” said Nicolas Bertrand, Komainu CEO. “This partnership provides a best-of-both worlds scenario whereby clients benefit from Copper’s proven processes and connectivity alongside visibility of their assets via our on-chain, segregated and regulated custody platform.”

Dmitry Tokarev, CEO at Copper.co said “Our partnership with Komainu is a proud moment for us, forging ahead our shared mission to shape and secure the financial markets of tomorrow. This spirit of cooperative product development is imperative to spur industry growth, driving forward both technological advancements and trustful engagement within the evolving digital asset landscape."

About Komainu

Komainu is a regulated digital asset custodian built by institutions for institutions and created as a joint venture between Nomura, digital asset manager CoinShares, and digital asset security company Ledger. Offering multi-asset support with regulatory compliance, Komainu is merging traditional financial services with leading security standards for the next generation of institutional custody. Headquartered in Jersey and with offices in London, Dublin, Dubai, and Singapore, Komainu has an OAM registration in Italy, an MLR registration with the UK Financial Conduct Authority (FCA) and is regulated by the Jersey Financial Services Commission (JFSC), and Dubai Virtual Assets Regulatory Authority (VARA). For more information, visit https://www.komainu.com 

Media Contact: Armel Leslie, Peaks Strategies, aleslie@peaksstrategies.com   

About Copper.co

Since being founded in 2018, Copper, a SOC2 Type 2 certified company with a registration in Switzerland, has been building the standard for digital assets by offering custody, collateral management, and prime services for digital assets. Underpinned by multi-award-winning technology, Copper has built the comprehensive and secure products and services required to safely custody and trade cryptocurrencies and other digital assets such as tokens and stablecoins. At the core of Copper’s infrastructure is ClearLoop, which enables clients to trade and settle in near real time across multiple exchanges, while mitigating counterparty risk and increasing capital efficiency.  

Media Contact: Tom Teodorczuk  tom.teodorczuk@h-advisors.global

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