London based institutional custody & prime brokerage firm, copper.co, announced the support to the trade finance-focused blockchain network XinFin. Their bespoke digital custody solution facilitates XinFin and TradeFinex’s institutional and crypto hedge fund customers to store the digital asset token XDCe. Copper.co provides support for XDCe across its institutional hot and cold wallet solutions. Copper.co pioneered multi-signature security for a wide range of digital assets in 2018. All digital assets supported by Copper.co are integrated using the company’s single API so 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.co 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.”