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Digital asset custody and prime services provider Copper on Monday announced a partnership with Core Foundation, which will will enable institutional clients to stake Bitcoin (CRYPTO: BTC) and CORE (CRYPTO: CORE) tokens directly from their Copper accounts.
This partnership marks an expansion of Copper’s services, which have been focused on custody and collateral management since the company’s inception in 2018.
The integration of Core’s non-custodial BTC Staking functionality into Copper’s infrastructure aims to provide institutions with a secure method to maximize their Bitcoin investments through staking.
Rich Rines, Initial Contributor to Core, emphasized the importance of this partnership for institutional investors, stating, “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.”
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Copper’s ClearLoop technology, which allows clients to manage collateral and settle trades across multiple exchanges while mitigating counterparty risk, will now support the CORE token and staking activities.
This integration is expected to enhance capital efficiency for institutional investors engaged in Bitcoin and CORE token staking.
This development could potentially be a topic of discussion at Benzinga’s upcoming Future of Digital Assets event on Nov. 19, where industry leaders are likely to explore the evolving landscape of institutional crypto investments and the role of partnerships like this in shaping the future of digital asset management.
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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
