Recognizing a need for reliable custodial solutions, tokenization platform, SWARM, has announced a partnership with Copper, today.
Copper is a company which specializes in institutional grade security solutions for digital assets. In this case, their services will be made available to token issuers on the SWARM platform.
Copper provides cold storage solutions, which make use of a technique known as ‘air-gapping’. This is a simple idea, which brings high levels of security, by ensuring that, not only are their storage computer not connected to the internet, but they are not connected to any other device connected to the internet. This practice does not hinder user experience, as a simple scan of a QR code allows for signing transactions.
While Copper only offers its services for digital assets, it intends to expand support for FIAT in the future.
In announcing their partnership with one another, representatives from both Swarm, and Copper, took the time to discuss what this move means. The following is what each had to say on the matter.
Philipp Pieper, Cofounder of Swarm, stated,
“The integration between Copper and SWARM is a great fit due to the compatibility of our technologies as well as our teams…Copper provides the level of institutional grade security and convenience that is absolutely essential for the adoption of digital securities by institutional investors and retail market…Philosophically, we have found in Copper a team who are committed to the growth of a broad ecosystem for digital securities, who share our innovative spirit, and who know that we will all get further, faster when we build together.”
Dimitry Tokarev, CEO of Copper, stated,
“SWARM is at the forefront of the emerging security token investment industry and we are excited to enable its vision…Although the crypto industry is evolving rapidly, it still needs large institutional involvement before the space can fully-mature…This cannot be achieved without proper custody solutions ensuring assets are secure alongside solutions that help institutions easily navigate the industry. The partnership between SWARM and Copper puts us at the forefront of developing the infrastructure for financial services 2.0”
Copper is a London, United Kingdom, based company, which was founded in 2018. This young company looks to tackle issues that plague the world of blockchain, such as custody solutions. The partnership discussed here today validates their choices to date, as they begin experiencing real adoption through various funds.
Company operations are overseen by CEO, Dmitry Tokarev.
Swarm is a fast growing, United States based company, which was founded in 2018. Above all, Swarm specializes in the tokenization of assets. This entails the creation, issuance, and ongoing management of security tokens. These tokens, which Swarm tokenizes free of charge, are often backed in a variety of ways, ranging from equity, debt, real estate, and more.
Company operations are overseen by Cofounders, Philipp Pieper and Timo Lehes.
In Other News
Custody solutions are an ongoing hot topic among participants in the blockchain industry. While some have developed in-house solutions, others turn to security specialists. Here are a few articles showing various solutions companies have turned to for digital asset custody.